Zepto founders tap Edelweiss, others for Rs 1,500 crore structured debt to boost Indian ownershipZepto founders Aadit Palicha and Kaivalya Vohra are raising about Rs 1,500 crore through structured debt to boost Indian ownership ahead of...
28 Apr, 2025, 09.47 AM IST
Top startup and tech stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
25 Jan, 2025, 09.18 AM IST
PharmEasy to formally discuss IPO plans with its board in second trySources told ET that online pharmacy startup PharmEasy could hit the bourses this year, two years after its previous attempt. The company w...
21 Jan, 2025, 09.53 AM IST
PharmEasy halves loss to Rs 2,533 crore in FY24, revenue dips 15%Mumbai-based PharmEasy, operated by API Holdings Limited, reported a net loss of Rs 2,533 crore, an improvement from the Rs 5,212 crore los...
22 Nov, 2024, 07.44 AM IST
Mamaearth vs distributors; PharmEasy’s financialsHonasa Consumer, Mamaearth's parent, addressed recent allegations, labelling them as "misinformation." This and more in today’s ETtech Top ...
21 Nov, 2024, 08.22 PM IST
Tata 1mg’s FY24 operating revenue up 21% to Rs 1,968 croreTata 1mg’s net loss plummeted to Rs 313 crore from Rs 1,255 crore in the previous financial year. Over 80% of the company’s operating reven...
10 Jul, 2024, 02.10 PM IST
Tata funds pause is no 'debt-errent' at 1mg, BigBasketBigBasket and 1mg–two of the biggest digital assets of Tata group–are choosing debt over equity for expansion in a critical year for them. ...
28 Jun, 2024, 06.19 PM IST
Madras HC delivers shot in the arm for online pharmaciesIn a shot in the arm for epharmacies, the Madras High Court overturned a previous ruling by a single-judge bench restricting online platfor...
27 Jun, 2024, 06.00 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
1mg overtakes PharmEasy in market share in top order changeTata 1mg had a 31% market share in September 2023 against 19% in October 2022 while PharmEasy slipped to 15% from about 33% during the same...
16 Nov, 2023, 06.00 AM IST
Goldman may convert part-debt into equity in PharmEasyThe online pharmacy is also in talks to restructure debt terms ahead of rights issue; share sale set to open on September 4
30 Aug, 2023, 10.09 AM IST
Goldman may part-convert Pharmeasy debt to equity; P2P lenders look to diversify partnershipsGoldman Sachs is likely to convert some of its loan to online pharmacy PharmEasy into equity. Buoyed by binding commitments from existing i...
30 Aug, 2023, 07.47 AM IST
Byju’s lenders scrap talks to recast $1.2B loan; Janus Henderson cuts PharmEasy valuation furtherByju’s woes seem to have no end. The company has suffered a series of setbacks over the last year, including ED raids and valuation markdow...
01 Jun, 2023, 07.49 PM IST
PharmEasy fails to raise Rs 1,000 crore equity, breaches covenant on Goldman Sachs loanPharmEasy was supposed to raise equity of around Rs 1,000 crore, or about $120 million, linked to its burn rate velocity. It has failed to ...
01 Jun, 2023, 05.34 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
Healthtech startup PharmEasy lays off more employeesThe layoffs were attributed to a variety of factors, including restructuring, macroeconomic headwinds, and the ongoing Russia-Ukraine confl...
12 Dec, 2022, 04.09 PM IST
Raining unicornsIn today's ETtech Morning Dispatch newsletter: Pharmeasy and Cred are the newest entrants of India's startup unicorn club, BPM firms see hi...
07 Apr, 2021, 08.16 AM IST