Private Equity

PE Fund Investments

PharmEasy raises Rs.3,500-Cr: report

Business Standard  

PharmEasy's parent API Holdings has raised INR 3,500 crore - primarily from existing investors. The proceeds are expected to help the company service debt that it raised from Goldman Sachs last year. The round, priced at a share price of INR 5 each, gives the company a valuation of USD 500 million - ie, a reportedly 90% drop from its previous valuation.