PharmEasy

Healthtech · Mumbai, IN · pharmeasy.in

Online pharmacy and healthcare platform (API Holdings).

Founders

Dharmil Sheth (India · ♂) — A business-development entrepreneur who, with childhood friends, set out to make buying medicines as convenient as any everyday online service.
Dhaval Shah (India · ♂) — A doctor turned McKinsey consultant who combined medical and strategy backgrounds to co-found a doorstep pharmacy for Indian patients.
Siddharth Shah (India · ♂) — Co-founded PharmEasy and its parent API Holdings alongside childhood friends to digitize India's fragmented pharmacy supply chain.

Shares the most investors with (number = shared investors):

Date	Round	Amount
Sep 2025	Debt API Holdings (PharmEasy) raised INR 1.700 Cr (~$193M) via NCDs, pledging 61% of Thyrocare, to refinance existing debt.	$193M
Apr 2024	Funding round Epharmacy PharmEasy raised INR 1,804 Cr (~$216.2M) in a rights-issue down round (90% valuation cut) led by MEMG Family Office, with Prosus, Temasek and 360 One.	$216.2M
Oct 2022	Bridge Epharmacy PharmEasy launched a rights issue to raise up to INR 750 Cr (~$91M) via convertible notes from existing investors including Prosus Ventures and Temasek after shelving its IPO.	$91M
Jun 2021	Funding round PharmEasy's valuation rose to ~$1.8B after B Capital bought a minority stake via a $20M secondary transaction.	$20M
Apr 2021	Series D Plus Epharmacy PharmEasy (API Holdings) became a unicorn with a $323M Series E from Prosus Ventures and TPG Growth at a $1.5B valuation.	$323M

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Data is community-curated and may be incomplete.