CosmicTaco

CCI Approves 360 ONE, Ranjan Pai's PharmEasy Stake

CosmicTaco · 2025-04-03T11:08:13.198944+05:30

- The Competition Commission of India (CCI) approved 360 ONE and Claypond Capital's proposal to acquire additional stakes in PharmEasy. - This follows a $216 million funding round last year, where Ranjan Pai acquired an estimated 12% stake in the company. - PharmEasy is currently facing financial challenges, including a funding crunch and valuation markdowns. - The company is also dealing with uncertainties regarding its future IPO plans. - Details about the size and amount of the new deal remain unclear. Source: [Inc42](https://inc42.com/buzz/cci-clears-360-one-ranjan-pais-stake-acquisition-in-pharmeasy/)

The Competition Commission of India (CCI) approved 360 ONE and Claypond Capital's proposal to acquire additional stakes in PharmEasy.
This follows a $216 million funding round last year, where Ranjan Pai acquired an estimated 12% stake in the company.
PharmEasy is currently facing financial challenges, including a funding crunch and valuation markdowns.
The company is also dealing with uncertainties regarding its future IPO plans.
Details about the size and amount of the new deal remain unclear.

Source: Inc42