The Ascent Health and Wellness Solutions, Manipal Education and Medical Group, Medi Assist Healthcare Services and Prosus-backed online drugstore secured the funding at a $5.6bn valuation.

India-based, corporate-backed online pharmacy operator PharmEasy has closed a pre-initial public offering round sized at up to $344m, the Economic Times reported today, citing regulatory filings and people privy to the matter.

The round valued the company at $5.6bn and included about $204m in primary funding from Amansa Capital, ApaH Capital, Janus Henderson, OrbiMed, Steadview Capital, ADQ, Neuberger Berman and Sanne Group, all of which also acquired secondary shares from early investors.

The secondary transaction was sized between $130m and…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.