In Da Club
We've got another startup entering the club.. you know the one.
The unicorn club!!
This time it's the gaming startup MPL, making it the 26th Indian unicorn of 2021.
MPL has just raised $150 million and is now valued at $2.3 billion.
MPL nearly made the club back in Feb of this year, when they had raised money at a $945 million valuation.
All you cricket fans have probably heard of MPL. If you haven't, we'd have to say your observation skills need some work - they are our Indian cricket team's official kit and merchandise sponsor!
MPL is not just into cricket fantasy games. While that is a massively popular part of their offerings, but it is just that, a part of their offerings.
They have tons of other games like pool, chess and several quiz games too! And they've recently started expanding into esports as well, with them organizing tournaments across the country.
Post their previous funding round in Feb, they talked about expanding internationally, particularly to the US. And they've executed their plan, as they entered the US market in July. Next on their list are plans to become a "super app" for gaming - the one app to rule all your gaming requirements.
Only time will tell whether they are able to deliver on that.
Making Acquisitions PharmEasy
Pharmeasy, take it easy Pharmeasy(you thought of that too, right?) is most definitely not taking it easy.
They've acquired the hospital supply chain management startup Aknamed.
The rumoured price is a cool $180-$190 million and it's most likely an all-stock deal.
Aknamed is used for procurement by some of India's largest hospital chains like Manipal Hospitals, Columbia Asia and Narayana Health.
As you'd expect with a global pandemic, business has been booming for them over the past year - their monthly revenue run rate grew 10x in FY21.
Pharmeasy has been making some serious moves.
First, they started by merging with Medlife to take on all the incoming competition in the medicine delivery space.
Then they went out and acquired the diagnostics chain Thryocare.
And now Aknamed.
All these acquisitions are geared towards what seems to be their strategy of becoming a broader online healthcare firm.
Some might even say the super app for Healthcare 😜
Pharmeasy's parent company API holdings will be filing for an IPO sometime soon, we are really intrigued to take a look under the hood.
Talking about IPOs, Truecaller is going public soon.
With how popular Truecaller is in India you might have thought Truecaller is an Indian startup. But it is actually Swedish.
They'll be listing in Sweden only where they'll be looking to raise $116 million.