JULY 20249Established with initial seed funding offered by the Co-Founders' parents in 2015, PharmEasy is an instrumental company revolutionizing the complete healthcare service in India. Since it is a new entry to the heathtech industry, PharmEasy has evolved as a leading digital healthcare platform of India that delivers healthcare products, diagnostic lab tests, online prescriptions, pharmaceuticals & tele-consultation across diverse categories with the help of trusted retail partners spanning over the country. In the year 2021, the company acquired its one of the key competitor Medlife & obtained a 66.1 percent stake of Rs. 4,546 crore in a diagnostic platform Thyrocare.Over 17 funding rounds, PharmEasy has raised a total funding of $1.53 billion from 57 institutional investors & 77 angel investors. The latest funding round held on November 01, 2023, in which the company lifted $420 million fund from key investors such as LGT Capital Partners, ADQ, Amansa Capital, Orbimed, Eight Roads Ventures & so on.Ola Electric· Key Management: Bhavish Aggarwal, Founder & CEO· Net Worth: $ 4 billion· Competitors: Ather Energy, PURE, Hero Electric, Bounce, and Simple EnergyEstablished in the year 2017 by the most successful entrepreneur of India, Bhavish Aggarwal, Ola Electric is a strategic electric two-wheeler manufacturer of India that emphasizes on designing, manufacturing & engineering EV products & services. The company is a fully-owned subsidiary of the parent company of Ola Cabs, ANI Technologies. The company was started with a mission to minimize the emission & dependability on fuels through electric mobility. Over 13 funding rounds, the company has raised a total funding of $1 billion. Led by EvolutionX, the latest funding round of Ola Electric raised $49 million, which was a conventional debt round held on April 1, 2024. The company serves for diverse sectors such as energy tech, auto tech, logistics, public sector, environment tech & so on.CRED· Key Management: Kunal Shah, Founder· Net Worth: $4 billion· Competitors: CheQ, Wizi, UdharPay, and WalnutFounded in 2018, Cred is Bengaluru-based fintech startup that acts as a premium credit card management platform permitting the users to operate & manage their payable bills, multiple credit cards & receive rewards. Through the official Cred app, members with high CRIF score & high Experian score can opt for exclusive rewards on their credit card bill payments. The app is build up with high-tech features for users along with credit calculators such as tracking analysis for credit card expenses. CRED protect with AI-enabled system & tracks the usage & efficiency of credit card.Over 10 rounds of funding, Cred has raised $1.07 billion & the latest funding round held on June 3, 2022, in which the company bagged $140 million from key investors such as Tiger Global Management, Alpha Wave Global, Lathe Investment, DF International Partners, SF Roofdeck Capital, Rise Global Capital, and so on.SC COLUMN
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