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Pharmeasy Raises INR 750 Cr, Issues Convertible Notes

PharmEasy an online pharmacy has planned to raise INR 750 crore through convertible notes, Prosus Ventures and Temasek as well as its founders have subscribed to the issue for shares worth about Rs 200 crore,

PharmEasy an online pharmacy has planned to raise INR 750 crore through convertible notes and the issue will be closed by the middle of October according to the media reports.

The media reports also mentioned that company’s existing investors like Prosus Ventures and Temasek as well as its founders have subscribed to the issue for shares worth about Rs 200 crore, also company withdrew its IPO application in august looking at the market conditions.




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