Manipal Group likely to inject Rs 1,000 cr into PharmEasy for 18% stake

Omnichannel pharmacy chain in talks to raise ~2,400 cr: if successful, will be first fundraise by a unicorn at a discount

Manipal Group is expected to invest Rs. 1,000 crore for an 18 per cent stake in online pharmacy major PharmEasy for the latter to repay its debt, informed sources on Wednesday

The online pharmacy and diagnostic player is in advanced talks with investors to raise Rs. 2,400 crore as it looks to retire debt raised from Goldman Sachs.

While the founders of the company did not comment on the minutiae of the fundraise, sources in the know said: “The company has been in talks with shareholders and investors to raise money. It is well known that