India, March 13 -- Mumbai-based online pharmacy PharmEasy has filed for regulatory approval for its upcoming funding tranche from Prosus Ventures (previously Naspers Ventures). According to a filing with the Competition Commission of India (CCI) on Friday, Prosus has proposed to acquire an undisclosed number of shares in PharmEasy.

Prosus is expected to pump in around $200 Mn into PharmEasy at a time when the online healthcare segment has witnessed multiple consolidations, according to a Times of India report last month. PharmEasy may touch a valuation of $1 Bn after this funding round led by Prosus.

The healthtech startup was set up by Dharmil Sheth and Dr Dhaval Shah in 2015. The company currently caters to the chronic care segment an...