CosmicTaco

PharmEasy's Valuation Plummets to $458 Million

CosmicTaco · 2024-09-04T11:14:43.081649+05:30

- 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](https://entrackr.com/2024/09/pharmeasy-valuation-slashed-to-458-mn-by-janus-henderson/)

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