The pension fund will pay an undisclosed sum for a 2% stake in API Holdings, the owner of online drugstore PharmEasy backed by Ascent Health and Medi Assist.

Pension fund Caisse de dépôt et placement du Québec (CDPQ) is set to acquire a 2% stake in India-based, corporate-backed online pharmacy PharmEasy, VCCircle has reported.

Competition Commission of India has approved the deal, which will involve CDPQ paying an undisclosed amount to API Holdings, the parent company of PharmEasy.

Founded in 2015, PharmEasy runs an online pharmacy that sells pharmaceutical products, medical testing kits and prescription and over-the-counter drugs.

PharmEasy is in the process of raising an amount between…

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Edison Fu

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