🚨 Pharmeasy to become the first major Unicorn to go for a massive down round
Valuation pegged at $500-750 million according to multiple reports in ET and Moneycontrol
Pharmeasy has raised a total of $1.6 billion in funding
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Manipal Hospital is in talks to invest Rs 1,000 crore for an 18% stake in Pharmeasy
The common link is Singapore's Temasek
- Owns a 12% stake in Pharmeasy
- Has a 59% majority stake in Manipal
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@madhavchanchani
But I think this is rationalization. Post Covid, everyone got massive and crazy overvaluation. Good this is happening.
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