Startup Atlas · Diagnostics

PharmEasy Unicorn

API Holdings Limited ● Mumbai, Maharashtra ● Founded 2015 ● pharmeasy.in ↗

Dharmil Sheth · Co-founder (PharmEasy); stepped down from executive role in 2025 Dhaval Shah · Co-founder (PharmEasy); stepped down from executive role in 2025 Mikhil Innani · Co-founder (PharmEasy) Siddharth Shah · Co-founder (Ascent Health & Wellness, merged into API Holdings); former MD & CEO of API Holdings, now Vice Chairman Hardik Dedhia · Co-founder (Ascent Health & Wellness); stepped down from executive role in 2025 Harsh Parekh · Co-founder (Ascent Health & Wellness)

$1.35 BnTotal funding (tracked)

9Funding rounds

16 Sep 2025Last round

4,700Team size (sourced)

PharmEasy: Funding Rounds

Disclosed round amounts over time, USD millions.

Date	Round	Amount	Investors	Source
16 Sep 2025	Debt (NCDs)	₹1,700 Cr (~$193 Mn)	360 One Alkram Ventures Bennett Coleman Micro Labs Limited MVS Ventures	source
30 Apr 2024	Down round (rights issue)	$216 Mn (~₹1,804 Cr)	Manipal Education and Medical Group (MEMG) / Ranjan Pai 360 One Portfolios CDPQ Private Equity Evolution Debt Capital Goldman Sachs Prosus Temasek WSSS Investments	source
7 Nov 2022	Debt Financing	Undisclosed	EvolutionX Debt Capital	source
28 Jun 2021	Series F	$300 Mn	Kotak Investment Advisors B Capital Prosus Temasek Think Investments TPG	source
17 Jun 2021	Secondary	$20 Mn	B Capital	source
7 Apr 2021	Series E	$350 Mn ($323 Mn closed as primary/secondary)	TPG Growth CDPQ Eight Roads LGT Lightrock Prosus Ventures Temasek Think Investments	source
28 Nov 2019	Series D	$220 Mn	Temasek	source
26 Sep 2018	Series C	$50 Mn	Eight Roads Ventures India Bessemer Venture Partners F-Prime Capital Fundamentum Advisors Think Investments	source
10 Sep 2018	Debt Financing	$5.5 Mn	InnoVen Capital	source

PharmEasy: Investors

360 One Alkram Ventures Bennett Coleman Micro Labs Limited MVS Ventures Manipal Education and Medical Group (MEMG) / Ranjan Pai 360 One Portfolios CDPQ Private Equity Evolution Debt Capital Goldman Sachs Prosus Temasek WSSS Investments EvolutionX Debt Capital Kotak Investment Advisors B Capital Think Investments TPG TPG Growth CDPQ Eight Roads LGT Lightrock Prosus Ventures Eight Roads Ventures India Bessemer Venture Partners F-Prime Capital Fundamentum Advisors InnoVen Capital

Acquisitions

Date	Acquirer	Acquired	Amount	Source
14 Sep 2021	PharmEasy	aknamed	$144 Mn enterprise valuation (₹1,060 Cr) for a 67.3% controlling stake	source
25 Jun 2021	PharmEasy	thyrocare-technologies	₹4,546 Cr (~$613.5 Mn) for a 66.1% stake	source
25 May 2021	PharmEasy	medlife	$250 Mn (reported, all-stock deal)	source

FAQs on PharmEasy

How much funding has PharmEasy raised?

PharmEasy has raised $1.35 Bn across 9 tracked funding round(s), most recently on 2025-09-16. Figures are compiled from cited public sources.

Who are the investors in PharmEasy?

Investors in PharmEasy include 360 One, Alkram Ventures, Bennett Coleman, Micro Labs Limited, MVS Ventures, Manipal Education and Medical Group (MEMG) / Ranjan Pai, 360 One Portfolios, CDPQ Private Equity.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: inc42.com · Last verified 13 Jul 2026. · Report a correction