The online pharmacy is set to close a round co-led by Prosus Ventures at a $1.5bn post-money valuation, taking its overall funding past $670m.

Prosus Ventures, the investment arm of Prosus, the internet group formed by e-commerce and media company Naspers, is co-leading a $350m funding round for India-based online pharmacy PharmEasy, the Economic Times reported yesterday.

The round consists of primary and secondary funding and is being co-led by TPG Growth, a vehicle for private equity group TPG. It included Eight Roads Ventures – part of investment and financial services group Fidelity – as well as Temasek, Caisse de dépôt et placement du…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.