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“I admit my timing of the market is bad”: PharmEasy CEO

By Andrew McCollum

Siddharth Shah, CEO, Pharmeasy

Synopsis

As equity markets globally saw a sharp correction this year, PharmEasy shelved its IPO plans. In a candid interview, CEO Siddharth Shah opened up about the company’s road ahead, including profitability plans, valuation mismatch, business strategy, and rumours about putting Thyrocare up for sale.

This time last year, a health-tech unicorn was gearing up to hit the public markets. API Holdings Ltd, the parent company of PharmEasy, had filed draft papers for its INR6,250 crore initial public offering (IPO). The company was on a strong footing, as it had closed a pre-IPO funding round at USD5.6 billion valuation.One year down, the scenario has completely changed. PharmEasy’s chief executive officer Siddharth Shah humbly admits he is “bad at

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Andrew McCollum 109721 posts 0 comments