E-pharmacy giant PharmEasy's loss widened to $86 million, Revenue Soared To $316 million


Online E-pharmacy platform PharmEasy has filed a draft red herring prospectus (DRHP) in order to raise $84 million in the public market. Unlike others, the startup will raise the entire offer amount through a new share issuance, as its existing investors will not sell their existing shares.


However, just like other Indian startups going for its public offering, PharmEasy has also reported a significant rise in its loss in the last financial year ended in March’21. The company’s revenue soared from $99 million in FY 2020 to $316 million in FY 21, a 220% jump PharmEasy posted a loss of $86 million in March ended FY 21, a 91% increase from $45 million it posted in FY 20. PharmEasy posted a loss of $86 million in FY21, a 91% increase from $45 million it posted in FY20.

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