Funding round
PharmEasy Series B
PharmEasy, which works in digital healthcare platform services in Mumbai, raised $17M in a Series B round announced on 3 Apr 2017, led by Bessemer Venture Partners and Orios Venture Partners. 3 firms took part. It is PharmEasy's second venture round on record; the one before was a Series A in Jan 2016.
$17M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
PharmEasy did not disclose a valuation in this round. It came 15 months after PharmEasy's Series A. It is 2.0% of the $858M PharmEasy has raised in the venture rounds on record. PharmEasy raised again 17 months later: a Series C round of $50M in Sep 2018. Its next priced round, a Series E in Apr 2021, valued it at $1.50B.
PharmEasy's funding rounds
PharmEasy has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Series A 1 Jan 2016, led by Bessemer Venture Partners $5.0M
- Series B this round 3 Apr 2017, led by Bessemer Venture Partners and Orios Venture Partners $17M
- Series C 26 Sep 2018, led by Eight Roads $50M
- Debt not a venture round 27 Sep 2018 $5.5M
- Growth 27 Nov 2019 $220M
- Series E 7 Apr 2021, led by Prosus Ventures and TPG $350M$1.50B post-money
- Growth 30 Apr 2024, led by Manipal Education and Medical Group $216M$710M post-money
- Debt not a venture round 1 Sep 2025, led by 360 One $193M
Investors
Who put money in
Bessemer Venture Partners and Orios Venture Partners led the round with 1 other firm.
Lead investors
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- backs 22 venture-backed companies new investor
Also in the round
- backs 9 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, scaling operations and working capital.
- Hiring
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Drug Stores & Pharmacies, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Blink Health Drug Stores & Pharmacies | 12 Apr 2017 | $90M | not disclosed | 8VC |
| Tech Companies | 12 Apr 2017 | $60M | not disclosed | Omnitracs |
| Home Health Care | 5 Apr 2017 | $21M | not disclosed | Mahindra Partners |
| Tech Companies | 5 Apr 2017 | $20M | not disclosed | Sapphire Ventures |
| Pipes, Tubes, Fittings & Valves | 13 Apr 2017 | $19M | not disclosed | not named |
| Data Solutions | 6 Apr 2017 | $18M | not disclosed | Mayfield |
| Electronical Components Manufacturing | 24 Apr 2017 | $18M | not disclosed | not named |
| Medical Supply Manufacturers | 19 Apr 2017 | $18M | not disclosed | Canaan |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did PharmEasy raise in its Series B round?
PharmEasy raised $17M in its Series B round, announced in Apr 2017.
Who led PharmEasy's Series B round?
Bessemer Venture Partners and Orios Venture Partners led it, with Aarin Capital.
What was PharmEasy's valuation at the Series B round?
It was not disclosed.
Did PharmEasy raise again after this round?
Yes: a Series C round in Sep 2018 of $50M.