This content is not available in your region

Indian online pharmacy PharmEasy files for IPO of up to $842 million

By Reuters

BENGALURU – Indian digital healthcare platform PharmEasy filed for an initial public offering (IPO) on Wednesday of up to 62.50 billion rupees ($842.43 million), becoming the latest startup in the country to pursue a domestic stock listing.

API Holdings Ltd, PharmEasy’s parent, may also consider a further issue of equity shares via a private placement of up to 12.50 billion rupees, the company said in its draft red herring prospectus.

($1 = 74.1900 Indian rupees)