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✅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.
In the “Bear Market Screaming Therapy Group” on Telegram, members are only allowed to post voice notes of themselves screaming. Anything else will result in an instant ban from the group, which currently has about 75 members. Those being doxxed include outgoing Chief Executive Carrie Lam Cheng Yuet-ngor, Chung and police assistant commissioner Joe Chan Tung, who heads police's cyber security and technology crime bureau. According to media reports, the privacy watchdog was considering “blacklisting” some online platforms that have repeatedly posted doxxing information, with sources saying most messages were shared on Telegram. Clear ZDNET RECOMMENDS
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