PharmEasy

Hi, this is Digbijay here in Bengaluru. It was in January this year that I wrote a couple of stories about two debt funding rounds of significance in the same week. The first was about Dunzo looking to raise new capital through convertible…

Online drugstore PharmEasy’s parent API Holdings’ board on Thursday approved a resolution to increase the company’s authorised share capital, as per a postal ballot notice issued to shareholders, a copy of which ET reviewed. It is currently…

Happy Friday! Arokiaswamy Velumani, the founder of Thyrocare, which was acquired by PharmEasy in 2021, had secured anti-dilution rights when he invested in the epharmacy startup. We have details on that, and more in today’s ETtech Morning…

Arokiaswamy Velumani — the founder of diagnostic chain Thyrocare, which was acquired by PharmEasy in 2021 — had secured anti-dilution rights ahead of his investment of Rs 1,500 crore in the online pharmacy, people aware of the investment…

BharatPe co-founder Ashneer Grover claimed that the reported new round of funding by beleaguered pharmacy major PharmEasy will serve as a “sudden death” to the founders and its employees because of the anti-dilutive clause kicking in.…

BENGALURU: Billionaire Ranjan Pai's family office is pumping Rs 1,000 crore for about an 18% stake in API Holdings, the parent entity of online pharmacy PharmEasy. The latter's existing investors, including private equity firm TPG and…

The online drugstore plans to swallow a bitter pill in the hope that it can heal itself. The distress rights issue, if it goes through, will bring it some relief, for the moment. But it will also bring organisational changes in its wake as…

Online pharmacy major PharmEasy has informed its board and investors that it plans to raise around Rs 2,400 crore through a rights issue at a 90% lower stock price to help repay its loan from Goldman Sachs, sources aware of the matter told…

Welcome to a new edition of Full Stack, a place where you’ll find unfiltered commentary on all things technology.Please keep the bouquets, brickbats and suggestions coming. You can reach me at [email protected] and follow me on…

Happy Friday! Union IT minister Ashwini Vaishnaw told ET in an interview that some major players expect India to be the next chip-making destination, globally. This and more in today’s ETtech Morning Dispatch.Also in this letter:■…