Thyrocare deal: PharmEasy founders out to build Amazon of health care

Of the three healthcare baskets that PharmEasy is targeting, it has already created a significant presence in consultation and treatment

API Holdings, the parent company of online pharmacy PharmEasy, announced last week that it would pick up a 66.1 per cent stake in diagnostics firm Thyrocare for Rs 4,546 crore. It is the first unicorn to acquire a listed company. 

One of the biggest consolidations in the domestic health care space, the deal was struck in record time at the Mumbai residence of A Velumani, founder of Thyrocare.

The deal is also a milestone for five friends from the Mumbai suburb of Ghatkopar, who called themselves the Ghatkopar Gujju gang, and set up PharmEasy in 2015. 

Siddharth Shah, Dhaval Shah, Dharmil Sheth, Harsh