Reuters reveals India’s PharmEasy plans $200 million fundraising at lower valuationon July 9, 2022 at 6:58 pm

Reuters was first to report that Indian drug and medical services startup PharmEasy is in talks with investors to raise $200 million, but at a valuation that could be 15% or even 25% lower than last year’s $5.1 billion. Indian startups have been jolted by uncertain global and domestic stock markets and growing investor skepticism over what they say are sky-high valuations, making it difficult for PharmEasy to raise funds at same or a higher valuation. 

The post Reuters reveals India’s PharmEasy plans $200 million fundraising at lower valuation appeared first on Reuters News Agency.

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