✅PharmEasy investor cuts value of its stake drastically, implying new valuation of $456M
PharmEasy is now valued at approximately $456 million, according to a filing by investor Janus Henderson, which significantly marks a 92% decline from its peak valuation of $5.6 billion. This drastic reduction comes despite PharmEasy raising over $200 million earlier this year and preparing for an initial public offering (IPO) in 2025.
The company has faced financial challenges after deferring an $843 million IPO planned for November 2021 and has relied on debt financing, including a problematic $300 million loan from Goldman Sachs. PharmEasy, which operates one of India's largest online pharmacies, has raised more than $1 billion to date but is now valued lower than the $600 million it paid for diagnostic lab chain Thyrocare in 2021.
✅PharmEasy investor cuts value of its stake drastically, implying new valuation of $456M
PharmEasy is now valued at approximately $456 million, according to a filing by investor Janus Henderson, which significantly marks a 92% decline from its peak valuation of $5.6 billion. This drastic reduction comes despite PharmEasy raising over $200 million earlier this year and preparing for an initial public offering (IPO) in 2025.
The company has faced financial challenges after deferring an $843 million IPO planned for November 2021 and has relied on debt financing, including a problematic $300 million loan from Goldman Sachs. PharmEasy, which operates one of India's largest online pharmacies, has raised more than $1 billion to date but is now valued lower than the $600 million it paid for diagnostic lab chain Thyrocare in 2021.
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