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Amid Funding Drought, PharmEasy Launches INR 750 Cr Rights Issue

Inc42 LogoInc421 mo ago

Amid Funding Drought, PharmEasy Launches INR 750 Cr Rights Issue - Inc42

Quick Summary:

They (PharmEasy) have been talking to multiple investors but may delay starting the process amid current market conditions,” a source was quoted as saying.

Founded in 2015 by Dharmil Sheth and Dhaval Shah, PharmEasy operates in the overarching healthtech domain, offering services from medicine deliveries to sample collections for diagnostic tests.

As per recent regulatory filings, PharmEasy’s existing investors such as Prosus Ventures, Temasek and the founders have also subscribed to the rights issue, picking up shares worth INR 200 Cr.


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Amid Funding Drought, PharmEasy Launches INR 750 Cr Rights Issue - Inc42 (Picture 1)

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Article Details

Author / Journalist: Chetan Thathoo

Category: Startups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 17:04:29 (1 months ago)

News Timezone: GMT +5:00

Ranking: #546 (out of 3193 stories this day)

News Source URL: inc42.com

Language: English

Article Length: 669 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 744432

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About Inc42

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Main Topics: Startups

Official Website: inc42.com

Update Frequency: 17 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 16 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #52

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