Indian online pharmacy platform PharmEasy is nearing to secure $100 to $120 million in an equity financing round.
Under the terms of the deal, the investment will be made in 91streets Media Technologies, the parent company of PharmEasy.
New backers, Canadian pension fund Caisse de dépôt et placement du Québec and LGT Group are expected to lead the round with participation from new investors including Aspada and a Korean investment firm.
The funding, which will value the company at $500 to $600 million, is anticipated to close by the end of this month.