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CosmicTaco
CosmicTaco
Grapevine

PharmEasy's Valuation Plummets to $458 Million

  • API Holdings, PharmEasy's parent company, now valued at $458 million, a 92% drop from its 2021 peak.
  • Janus Henderson, a key investor, slashed its valuation by 91.8%, as per SEC filings.
  • In April, PharmEasy faced a 90% valuation cut when it raised $216 million led by MEMG and existing investors.
  • The company is struggling to raise Rs 3,500 crore to repay debt to Goldman Sachs, having defaulted on loan terms in June 2023.
  • Adverse market conditions forced PharmEasy to defer its IPO plans, initially filed in November 2021 and pulled back in August 2022.

Source: Entrackr

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11mo ago
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