PharmEasy plans to file IPO papers by October

  • India’s largest e-pharmacy platform PharmEasy is gearing up to file draft papers by October before an Initial Public Offering later in the fiscal year, sources said.
  • This comes at a time when discussions with Japan’s SoftBank for a new funding round have fallen through, the sources who are familiar with the development told ET. PharmEasy is on track for an IPO but is still negotiating with new investors to raise between $200 million and $300 million at a valuation of around $5.6 billion, the sources added.
  • PharmEasy’s IPO plans also coincide with the success of food delivery app Zomato’s IPO in July which set the stage for Indian online firms to go public this year.
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