Thu, Dec 26, 2024
The revenue from operations decreased 14.8 per cent to Rs 5,664 crore compared to Rs 6,644 crore in FY23, as per the financials of API Holdings, the parent company of PharmEasy. The company, which substantially cut its workforce last year amid deep valuation cuts, managed to reduce losses by over 50 per cent in FY24, owing to 79 per cent reduction in goodwill impairment charges.
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Mon, May 15, 2023
Janus Henderson and Neuberger Berman have marked down the valuation of PharmEasy's parent company API Holdings by half and 21%, respectively. This latest development adds PharmEasy to the growing list of Indian startups including BYJU's, Ola, Swiggy, among others, facing valuation markdowns. However, the company recently logged its first EBITDA profit and is aiming to become cash-positive by September. Will this be enough to keep investors interested?
Mon, Aug 22, 2022
The initial public offer (IPO) of PharmEasy has been withdrawn after the company received capital market regulator SEBI's (Securities Exchange Board of India) go-ahead in February this year.
PharmEasy IPO news: The initial public offer (IPO) of PharmEasy has been withdrawn after the company received capital market regulator SEBI's (Securities Exchange Board of India) go-ahead in February this year.
Thu, Mar 17, 2022
The most anticipated public issue of the Life Insurance Corporation of India is one such company to have hit the roadblock.
Tue, Feb 22, 2022
API Holdings, the parent company of pharmacy platform PharmEasy, Adar Poonawalla-backed Wellness Forever Medicare and metal recycling firm CMR Green Technologies have received a green signal from the market regulator Sebi to raise funds through IPO, said Zee Business’ Devanshi Ashar.
Wed, Nov 10, 2021
API Holdings has filed preliminary papers with Sebi to raise Rs 6,250 crore through an initial share sale.
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