Announced Date: March 2021
TPG Growth invests in India’s largest integrated digital healthcare platform, API Holdings
We are pleased to announce that our client TPG Growth, the growth equity platform of TPG, the leading global alternative asset firm, with $91 billion assets under management, has successfully completed a minority investment in API Holdings Private Limited (“API Holdings”).
API Holdings owns India’s largest integrated digital healthcare platforms. The company’s platform empowers and connects over 60,000 brick & mortar pharmacies and 4,000 doctors in 16,000 zip codes across India. The platform digitizes and organizes supply chain to provide pharmacies an easy access to affordable and authentic products in the shortest possible time. The platform also provides SaaS solutions for pharmacies to use in procurement combined with delivery and logistics support, and credit solutions to buy over 200,000 medicines from over 3,000 pharmaceutical manufacturers.
API Holdings also owns the largest consumer digital healthcare platform, which touches the lives of two million patients each month by providing access to genuine products at affordable prices from the convenience of their home. It provides products to patients by enabling last-mile delivery, discoverability and connectivity tools to 60,000+ pharmacies, often delivering products in under a few hours.
The transaction reinforces o3 Capital’s strong delivery credentials in the healthcare supply chain segment in India, being the eighth successful closure in the space.