Funding round
PharmEasy Series C
PharmEasy, which works in digital healthcare platform services in Mumbai, raised $50M in a Series C round announced on 26 Sep 2018, led by Eight Roads. 6 firms took part. It is PharmEasy's third venture round on record; the one before was a Series B in Apr 2017.
$50M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
PharmEasy did not disclose a valuation in this round. It came 17 months after PharmEasy's Series B. It is 5.8% of the $858M PharmEasy has raised in the venture rounds on record. PharmEasy raised again 14 months later: a Growth round of $220M in Nov 2019. 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 3 Apr 2017, led by Bessemer Venture Partners and Orios Venture Partners $17M
- Series C this round 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
Eight Roads led the round with 5 other firms.
Lead investor
- backs 125 venture-backed companies new investor
Also in the round
- backs 118 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- Fidelity International Ltd new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Drug Stores & Pharmacies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Alto Pharmacy Drug Stores & Pharmacies | 5 Dec 2018 | $50M | not disclosed | not named |
| Fuze Health Drug Stores & Pharmacies | 5 Dec 2018 | $50M | not disclosed | Zola Global and Greenoaks |
| Drug Stores & Pharmacies | 28 Jan 2019 | $100M | $1.00B | Growth-stage investor |
| Capsule Drug Stores & Pharmacies | 30 Sep 2019 | $200M | not disclosed | Technology Crossover Ventures |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did PharmEasy raise in its Series C round?
PharmEasy raised $50M in its Series C round, announced in Sep 2018.
Who led PharmEasy's Series C round?
Eight Roads led it, with F-Prime Capital, Fundamentum, Think Investments, Bessemer Venture Partners and Fidelity International Ltd.
What was PharmEasy's valuation at the Series C round?
It was not disclosed.
Did PharmEasy raise again after this round?
Yes: a Growth round in Nov 2019 of $220M.