B Capital, Tiger Global eye PharmEasy stake

Facebook cofounder Eduardo Saverin’s B Capital and New York-based investment major Tiger Global are in advanced negotiations to pick up stake in e-pharmacy PharmEasy, three people aware of the matter said.

The proposed deal is expected to value the Mumbai-based e-pharmacy’s parent, API Holdings, at about $1.8 billion, up from the $1.5 billion valuation that it snagged in April to join India’s fast-growing pool of unicorns — startups valued at $1 billion or more.