Dharmil Sheth News Today

The online pharmacy was last valued at $5.6 billion in 2021, followed by nearly 90 percent decrease in its valuation amidst debt repayment related challenges.

Gujarat govt's pre-startup conclave round table set for Wednesday   Gandhinagar: The Gujarat government is set to host on Wednesday a round table

The Gujarat government is set to host on Wednesday a round table discussion on Unicorns and Venture Funds in preparation for the upcoming "Startup Conclave 2023".The event will feature a keynote address by Chief Minister Bhupendra ...

Pai is also joining the board of PharmEasy and is expected to work with CEO Shah. He will retain the board seats as long as his holding doesnt go below 15%, people in the know added. His family office is investing around Rs 1,300 crore in PharmEasy.

The Centre has ordered probe after opposition members, journalists received messages on their iPhones, warning them of possible ‘state-sponsored privacy attack. This and more in todays ETtech Morning Dispatch.

This entrepreneur's company became the first startup to acquire a majority stake in a listed company, a move that was never seen before in the history of corporate India.

Goldman Sachs is likely to convert a part of the debt it advanced to PharmEasy into equity, following the upcoming rights issue of about $424 million (₹3,500 crore) by the online pharmacy that is due to open on September 4, sources aware of the matter said.

The online pharmacy is also in talks to restructure debt terms ahead of rights issue; share sale set to open on September 4

Earlier, it was reported that Manipal Group has offered to invest approximately Rs 1,300 crore for an 18 per cent stake in API Holdings.

PharmEasy has also come under scrutiny for acquiring massive debt. It borrowed $285 million from Goldman Sachs to pay off an earlier debt incurred from Kotak Mahindra Bank to buy Thyrocare