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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

PharmEasy founders
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(From left) PharmEasy founders Dhaval Shah, Harsh Parekh, Siddharth Shah, Hardik Dedhia, and Dharmil Sheth

Samreen Ahmad Bengaluru
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

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