NEW DELHI/MUMBAI : PharmEasy has hired two investment banks to help it prepare to go public in India, three people familiar with the development said. PharmEasy is seeking a much higher valuation if it opts for the US public markets, the person added. PharmEasy and the two investment banks didn’t respond to queries. On Wednesday, The Economic Times reported that PharmEasy would do a traditional IPO worth ₹3,000-3,700 crore, commanding a valuation of nearly $3 billion. Earlier this month PharmEasy raised $350 million from Prosus Ventures, TPG Growth and others as part of its Series E round.

Source: Mint May 27, 2021 17:15 UTC