PharmEasy’s FY23 operating revenue up 16% to Rs 6,644 crore; net loss widens 30%PharmEasy’s parent firm API Holdings cut down its advertising and promotional expenses to Rs 235 crore, less than half of what it incurred ...
31 Jan, 2024, 10.30 AM IST
No spending freeze at startups; Swiggy, PharmEasy FY23 report cardTop internet firms didn’t let a ‘funding winter’ dampen their urge to spend in the last fiscal, an ET analysis found. Details of this and m...
31 Jan, 2024, 07.46 AM IST
1mg pips PharmEasy in market share; what’s behind PayU’s new business forays?Tata Digital-owned 1mg has beaten rival PharmEasy to pole position in the country’s e-pharmacy market in terms of gross merchandise value. ...
16 Nov, 2023, 05.02 PM IST
ETtech Explainer: What are down rounds and will they become the norm for Indian startups?A down round is when a privately held firm raises funds at a valuation lower than that ascribed in the previous round.
11 Jul, 2023, 05.27 PM IST
Till debt do us part: will startups go the PharmEasy way, and other top tech & startup stories this weekThis week’s ETtech newsbreak on PharmEasy going for a rights issue at a price 90% lower than its peak valuation of $5.6 billion to repay de...
08 Jul, 2023, 09.42 AM IST
Exclusive: PharmEasy plans Rs 2,400-crore rights issue at 90% discount to repay loanMumbai-based epharmacy platform PharmEasy is likely to be valued at $500-600 million compared to the $5.6 billion valuation in 2021
06 Jul, 2023, 11.42 PM IST
Scoop: PharmEasy valuation halved to $2.8 billion, logs ebitda profitability; Paytm’s loan biz decodedOnline pharmacy PharmEasy recorded a positive ebitda of around Rs 14 crore, which means it is operationally profitable, even as one of its ...
16 May, 2023, 09.16 AM IST
PharmEasy logs first ebitda profit of Rs 14 crore in April, restarts funding talksThe epharmacy held discussions with CDPQ, ADQ; convertible notes are also being discussed amid valuation corrections and markdowns.
15 May, 2023, 09.42 AM IST
YouTube’s Neal Mohan is the newest Indian-origin CEO in the tech worldFrom Google and Microsoft to Cognizant and Adobe, a growing number of technology-focused firms are today led by Indian-origin chief executi...
18 Feb, 2023, 07.24 AM IST
Exclusive | Not selling Thyrocare, will cut cash burn: PharmEasy founders to boardPharmEasy’s parent API Holdings has also delayed internal plans for a potential initial public offering (IPO) to 2025, the people privy to ...
14 Feb, 2023, 02.56 PM IST
Udaan raises another $35 million in funding from EvolutionX via convertible notes and debtUdaan’s latest funding comes close on the heels of $120 million raised through convertible notes and debt from existing shareholders and bo...
25 Nov, 2022, 02.20 PM IST
PharmEasy in talks to raise upto $300 million, valuation may drop by halfExisting investors will also put in $70 million, valuation at $2.5-$2.75 versus $5.4 billion of last year’s pre-IPO round. IPO is shelved f...
14 Sep, 2022, 09.28 AM IST
Institutional investors oppose Esops; PharmEasy drops IPO, targets Ebitda breakevenThe stock option plans of listed startups such as Zomato and Paytm are facing opposition from institutional investors for a variety of reas...
22 Aug, 2022, 07.25 AM IST
EV leasing picks up in India; women flock online to learn tech skillsLeasing vehicles has never been big business in India, but in the nascent electric vehicle market, many companies are betting big that it w...
15 Sep, 2021, 06.51 AM IST
PharmEasy to acquire 66% stake in Thyrocare for over Rs 4,500 crorePharmEasy is acquiring a majority stake in diagnostics chain Thyrocare Technologies, in what the online pharmacy claimed was the first ever...
26 Jun, 2021, 01.40 PM IST
ETtech Deals Digest: BrowserStack, Vianai raise funds this weekIndia’s startup ecosystem minted another unicorn this week as BrowserStack became India's highest-valued software-as-a-service (SaaS) firm ...
18 Jun, 2021, 06.36 PM IST
InnoVen Capital makes its second investment in Infra.MarketInfra.Market, which provides building material to L&T, Tata Projects and Ashoka Buildcon, is now well-capitalised to execute its growth age...
13 Jan, 2021, 06.02 AM IST