 "PharmEasy founders")
Healthtech start-up PharmEasy’s parent company, API Holdings, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise Rs 6,250 crore via an initial public offering (IPO). API Holdings’ pre-IPO round that closed in October 2021 reportedly valued the company at $5.4 billion.
The issue will only consist of a primary share sale, and the money raised will go towards debt repayment, besides expansion and other purposes. The existing investors won’t make any exit in the IPO. Among a slew of large tech IPOs happening in India, such as Zomato, Nykaa, Paytm,
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