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PharmEasy valuation, funding and investors

PharmEasy works in digital healthcare platform services, based in Mumbai, India. Founded in 2015, it has about 3,980 employees.

Debt
VALUATION · TODAY
$810M −2% after Growth
Range $259M – $932M · Grade C
TODAY
+12 MO
$1.00B
$2.00B
$3.00B
$4.00B
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $5.00M
Series B $17.0M
Series C $50.0M
Growth $220M
Series E $350M
Growth $216M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY3,978 employees
+0%6m growth
+1%1y growth
+8%2y growth
2,500
5,000
Data from Jan 2021
TODAY
Predicted in 1 yr $791M −2% vs today
Predicted next raise $82.6M if a round comes
Winding-down probability 0%
Last round
Growth · $216M · Apr 2024
Valuation at last round
$710M
Headcount
3,978 · flat
Grade
C
Founded
2015
How VCMC values companies →

PharmEasy valuation today

VCMC values PharmEasy at $810M today, with a range of $259M to $932M and a grade of C. The valuation starts from its last funding round, a growth round in Apr 2024.

Valuation by date (148 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

PharmEasy: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2015$2.03M$0.74M – $5.59M$2.13M (+5%)before first round–unknownD0%
1 Feb 2015$2.04M$0.74M – $5.61M$2.14M (+5%)before first round–unknownD0%
1 Mar 2015$2.05M$0.75M – $5.63M$2.15M (+5%)before first round–unknownD0%
1 Apr 2015$2.06M$0.75M – $5.65M$2.16M (+5%)before first round–unknownD0%
1 May 2015$2.07M$0.75M – $5.67M$2.16M (+5%)before first round–unknownD0%
1 Jun 2015$2.07M$0.75M – $5.70M$2.17M (+5%)before first round–unknownD0%
1 Jul 2015$2.08M$0.76M – $5.72M$2.18M (+5%)before first round–unknownD0%
1 Aug 2015$2.09M$0.76M – $5.74M$2.24M (+7%)before first round–unknownD0%
1 Sep 2015$2.10M$0.76M – $5.76M$2.30M (+10%)before first round–unknownD0%
1 Oct 2015$2.11M$0.77M – $5.79M$2.36M (+12%)before first round–unknownD0%
1 Nov 2015$2.11M$0.77M – $5.81M$2.42M (+15%)before first round–unknownD0%
1 Dec 2015$2.12M$0.77M – $5.83M$2.49M (+17%)before first round–unknownD0%
1 Jan 2016$24.2M$15.9M – $66.2M$43.5M (+80%)after a round–unknownC0%
2 Jan 2016$24.2M$15.9M – $66.2M$43.5M (+80%)after a round–unknownC0%
1 Feb 2016$25.4M$15.9M – $66.2M$43.5M (+71%)after a round–unknownC0%
1 Mar 2016$26.6M$15.9M – $66.2M$43.5M (+63%)after a round–unknownC0%
1 Apr 2016$28.0M$15.9M – $66.2M$43.5M (+55%)after a round–unknownC0%
1 May 2016$29.3M$15.9M – $66.2M$43.5M (+48%)after a round–unknownC0%
1 Jun 2016$30.8M$15.9M – $66.2M$43.5M (+41%)after a round–unknownC0%
1 Jul 2016$32.4M$15.9M – $66.2M$43.5M (+34%)after a round–unknownC0%
1 Aug 2016$34.0M$15.9M – $66.2M$43.5M (+28%)after a round–unknownC0%
1 Sep 2016$35.8M$15.9M – $66.2M$43.5M (+22%)after a round–unknownC0%
1 Oct 2016$37.5M$15.9M – $66.2M$43.5M (+16%)after a round–unknownC0%
1 Nov 2016$39.5M$15.9M – $66.2M$43.5M (+10%)after a round–unknownC0%
1 Dec 2016$41.4M$15.9M – $66.2M$43.5M (+5%)after a round–unknownC0%
1 Jan 2017$43.5M$15.9M – $66.2M$43.5M (0%)after a round–unknownC0%
1 Feb 2017$43.5M$15.1M – $66.2M$43.5M (0%)after a round–unknownC0%
1 Mar 2017$43.5M$14.4M – $66.2M$43.5M (0%)after a round–unknownC0%
1 Apr 2017$43.5M$13.7M – $66.2M$43.5M (0%)after a round–unknownC0%
4 Apr 2017$81.7M$57.5M – $174M$122M (+50%)after a round–unknownB0%
1 May 2017$84.1M$57.5M – $174M$122M (+45%)after a round–unknownB0%
1 Jun 2017$87.1M$57.5M – $174M$122M (+40%)after a round–unknownB0%
1 Jul 2017$90.0M$57.5M – $174M$122M (+36%)after a round–unknownB0%
1 Aug 2017$93.2M$57.5M – $174M$122M (+31%)after a round–unknownB0%
1 Sep 2017$96.4M$57.5M – $174M$122M (+27%)after a round–unknownB0%
1 Oct 2017$99.7M$57.5M – $174M$122M (+23%)after a round–unknownB0%
1 Nov 2017$103M$57.5M – $174M$122M (+19%)after a round–unknownB0%
1 Dec 2017$107M$57.5M – $174M$122M (+15%)after a round–unknownB0%
1 Jan 2018$110M$57.5M – $174M$122M (+11%)after a round–unknownB0%
1 Feb 2018$114M$57.5M – $174M$122M (+7%)after a round–unknownB0%
1 Mar 2018$118M$57.5M – $174M$122M (+4%)after a round–unknownB0%
1 Apr 2018$122M$57.5M – $174M$122M (0%)after a round–unknownB0%
1 May 2018$122M$55.2M – $174M$122M (0%)after a round–unknownB0%
1 Jun 2018$122M$52.9M – $174M$122M (0%)after a round–unknownB0%
1 Jul 2018$122M$50.6M – $174M$122M (0%)after a round–unknownC0%
1 Aug 2018$122M$48.5M – $174M$122M (0%)after a round–unknownC0%
1 Sep 2018$122M$46.4M – $174M$122M (0%)after a round–unknownC0%
27 Sep 2018$294M$207M – $542M$382M (+30%)after a round–unknownB0%
1 Oct 2018$295M$207M – $542M$382M (+30%)after a round–unknownB0%
1 Nov 2018$301M$207M – $542M$382M (+27%)after a round–unknownB0%
1 Dec 2018$308M$207M – $542M$382M (+24%)after a round–unknownB0%
1 Jan 2019$315M$207M – $542M$382M (+21%)after a round–unknownB0%
1 Feb 2019$322M$207M – $542M$382M (+19%)after a round–unknownB0%
1 Mar 2019$329M$207M – $542M$382M (+16%)after a round–unknownB0%
1 Apr 2019$336M$207M – $542M$382M (+14%)after a round–unknownB0%
1 May 2019$343M$207M – $542M$382M (+11%)after a round–unknownB0%
1 Jun 2019$351M$207M – $542M$382M (+9%)after a round–unknownB0%
1 Jul 2019$359M$207M – $542M$382M (+6%)after a round–unknownB0%
1 Aug 2019$367M$207M – $542M$382M (+4%)after a round–unknownB0%
1 Sep 2019$375M$207M – $542M$382M (+2%)after a round–unknownB0%
1 Oct 2019$382M$206M – $542M$382M (0%)after a round–unknownB0%
1 Nov 2019$382M$196M – $542M$382M (0%)after a round–unknownB0%
28 Nov 2019$1.2B$866M – $1.9B$1.4B (+10%)after a round–unknownB0%
1 Dec 2019$1.2B$866M – $1.9B$1.4B (+10%)after a round–unknownB0%
1 Jan 2020$1.2B$866M – $1.9B$1.4B (+9%)after a round–unknownB0%
1 Feb 2020$1.2B$866M – $1.9B$1.4B (+8%)after a round–unknownB0%
1 Mar 2020$1.3B$866M – $1.9B$1.4B (+7%)after a round–unknownB0%
1 Apr 2020$1.3B$866M – $1.9B$1.4B (+6%)after a round–unknownB0%
1 May 2020$1.3B$866M – $1.9B$1.4B (+6%)after a round–unknownB0%
1 Jun 2020$1.3B$866M – $1.9B$1.4B (+5%)after a round–unknownB0%
1 Jul 2020$1.3B$866M – $1.9B$1.4B (+4%)after a round–unknownB0%
1 Aug 2020$1.3B$866M – $1.9B$1.4B (+3%)after a round–unknownB0%
1 Sep 2020$1.3B$866M – $1.9B$1.4B (+2%)after a round–unknownB0%
1 Oct 2020$1.3B$866M – $1.9B$1.4B (+1%)after a round–unknownB0%
1 Nov 2020$1.3B$866M – $1.9B$1.4B (+1%)after a round–unknownB0%
1 Dec 2020$1.4B$859M – $1.9B$1.4B (0%)after a round–unknownB0%
1 Jan 2021$1.4B$816M – $1.9B$1.4B (0%)after a round740unknownB0%
1 Feb 2021$1.4B$776M – $1.9B$1.4B (0%)after a round740unknownB0%
1 Mar 2021$1.4B$741M – $1.9B$1.4B (0%)after a round740unknownB0%
1 Apr 2021$1.4B$704M – $1.9B$1.4B (0%)after a round740unknownB0%
8 Apr 2021$1.5B$1.3B – $2.2B$2.0B (+30%)after a round740unknownA0%
1 May 2021$1.5B$1.3B – $2.2B$2.0B (+28%)after a round740unknownA0%
1 Jun 2021$1.6B$1.3B – $2.2B$2.0B (+25%)after a round740unknownA0%
1 Jul 2021$1.6B$1.3B – $2.2B$2.0B (+22%)after a round740unknownA0%
1 Aug 2021$1.6B$1.3B – $2.2B$2.0B (+20%)after a round740unknownA0%
1 Sep 2021$1.7B$1.3B – $2.2B$2.0B (+17%)after a round740unknownA0%
1 Oct 2021$1.7B$1.3B – $2.2B$2.0B (+14%)after a round740unknownA0%
1 Nov 2021$1.7B$1.3B – $2.2B$2.0B (+12%)after a round740unknownA0%
1 Dec 2021$1.8B$1.3B – $2.2B$2.0B (+10%)after a round740unknownA0%
1 Jan 2022$1.8B$1.3B – $2.2B$2.0B (+7%)after a round740unknownA0%
1 Feb 2022$1.9B$1.3B – $2.2B$2.0B (+5%)after a round740unknownA0%
1 Mar 2022$1.9B$1.3B – $2.2B$2.0B (+3%)after a round740unknownA0%
1 Apr 2022$1.9B$1.3B – $2.2B$2.0B (0%)after a round740unknownA0%
1 May 2022$2.0B$1.3B – $2.2B$2.0B (0%)after a round740unknownA0%
1 Jun 2022$2.0B$1.2B – $2.2B$2.0B (0%)after a round740unknownB0%
1 Jul 2022$2.0B$1.1B – $2.2B$2.0B (0%)after a round740unknownB0%
1 Aug 2022$2.0B$1.1B – $2.2B$2.0B (0%)after a round740unknownB0%
1 Sep 2022$2.0B$1.0B – $2.2B$2.0B (0%)after a round740unknownB0%
1 Oct 2022$2.0B$1.0B – $2.2B$2.0B (0%)after a round740unknownB0%
1 Nov 2022$2.0B$956M – $2.2B$2.0B (0%)after a round740unknownB0%
1 Dec 2022$2.0B$914M – $2.2B$2.0B (0%)after a round740unknownB0%
1 Jan 2023$2.0B$872M – $2.2B$2.0B (0%)after a round740unknownB0%
1 Feb 2023$2.8B$1.1B – $3.2B$2.8B (0%)after a round3,700unknownB0%
1 Mar 2023$2.8B$1.1B – $3.2B$2.8B (0%)after a round3,700unknownB0%
1 Apr 2023$2.8B$1.1B – $3.2B$2.8B (0%)after a round3,700unknownB0%
1 May 2023$2.8B$981M – $3.2B$2.8B (0%)after a round3,700unknownB0%
1 Jun 2023$2.8B$932M – $3.2B$2.8B (0%)after a round3,700unknownC0%
1 Jul 2023$2.8B$888M – $3.2B$2.8B (0%)after a round3,700unknownC0%
1 Aug 2023$2.8B$844M – $3.2B$2.8B (0%)after a round3,700unknownC0%
1 Sep 2023$2.8B$802M – $3.2B$2.8B (0%)after a round3,700unknownC0%
1 Oct 2023$2.8B$763M – $3.2B$2.8B (0%)after a round3,700unknownC0%
1 Nov 2023$2.8B$725M – $3.2B$2.6B (-6%)after a round3,700flatC0%
1 Dec 2023$2.8B$690M – $3.2B$2.6B (-6%)after a round3,700flatC0%
1 Jan 2024$2.8B$656M – $3.2B$2.6B (-7%)after a round3,700flatC0%
1 Feb 2024$2.8B$623M – $3.2B$2.6B (-8%)after a round3,700flatC0%
1 Mar 2024$2.8B$594M – $3.2B$2.5B (-9%)after a round3,700flatC0%
1 Apr 2024$2.5B$562M – $3.2B$2.1B (-14%)after a round3,600flatC12%
1 May 2024$710M$617M – $888M$772M (+9%)after a round3,600flatA12%
1 Jun 2024$715M$617M – $888M$769M (+8%)after a round3,600flatA12%
1 Jul 2024$720M$617M – $888M$766M (+6%)after a round3,600flatA12%
1 Aug 2024$725M$617M – $887M$761M (+5%)after a round3,600flatA14%
1 Sep 2024$732M$617M – $892M$764M (+4%)after a round3,700flatA13%
1 Oct 2024$737M$617M – $893M$763M (+4%)after a round3,700flatA12%
1 Nov 2024$743M$617M – $894M$763M (+3%)after a round3,700flatA11%
1 Dec 2024$749M$617M – $895M$762M (+2%)after a round3,700flatA10%
1 Jan 2025$755M$617M – $896M$762M (+1%)after a round3,700flatA9%
1 Feb 2025$762M$617M – $896M$762M (0%)after a round3,700flatA8%
1 Mar 2025$768M$617M – $897M$762M (-1%)after a round3,700flatA8%
1 Apr 2025$774M$617M – $897M$763M (-2%)after a round3,700flatA7%
1 May 2025$781M$616M – $898M$761M (-2%)after a round3,700flatA6%
1 Jun 2025$780M$586M – $899M$762M (-2%)after a round3,700flatA6%
1 Jul 2025$779M$558M – $899M$762M (-2%)after a round3,700flatA5%
1 Aug 2025$788M$533M – $912M$773M (-2%)after a round3,935flatA5%
1 Sep 2025$788M$507M – $912M$774M (-2%)after a round3,934flatA5%
1 Oct 2025$788M$483M – $913M$774M (-2%)after a round3,932flatB4%
1 Nov 2025$787M$460M – $913M$775M (-2%)after a round3,932flatB4%
1 Dec 2025$787M$439M – $913M$776M (-1%)after a round3,930flatB4%
1 Jan 2026$787M$418M – $914M$777M (-1%)after a round3,930flatB3%
1 Feb 2026$788M$398M – $915M$778M (-1%)after a round3,940flatB3%
1 Mar 2026$788M$380M – $915M$779M (-1%)after a round3,940flatB3%
1 Apr 2026$789M$363M – $916M$780M (-1%)after a round3,963flatB3%
1 May 2026$788M$346M – $917M$779M (-1%)after a round3,963flatB2%
1 Jun 2026$789M$329M – $917M$774M (-2%)after a round3,974flatB2%
1 Jul 2026$789M$313M – $917M$769M (-3%)after a round3,974flatB2%
1 Aug 2026$789M$297M – $917M$763M (-3%)after a round3,962flatB2%
1 Sep 2026$798M$283M – $918M$773M (-3%)after a round3,977flatB0%
1 Oct 2026$798M$269M – $918M$767M (-4%)after a round3,978flatC0%
24 Oct 2026$810M$259M – $932M$791M (-2%)after a round3,978flatC0%

Key facts about PharmEasy

Founded
2015
Headquarters
Mumbai, India
Employees
about 3,980 +1% in a year
Total raised
$1.06B
Funding rounds
8
Last round
Debt Sep 2025

PharmEasy was founded in 2015 by Dharmil Sheth, Dhaval Shah, Hardik Dedhia, Harsh Parekh and Siddharth Shah.

PharmEasy funding history

PharmEasy has 8 funding rounds on record, from Jan 2016 to Sep 2025, $1.06B in total. The latest disclosed valuation is $710M post-money (Growth Equity, Apr 2024).

  1. Debt 1 Sep 2025no round page

    Led by 360 One; with Micro Labs Limited, MVS Ventures, Bennett Coleman, Alkram Ventures, Kyrush Investments, Medley Pharmaceuticals, Mahalaxmi Trust.

    Sources: healthcare.digital, entrackr.com, indianstartupnews.com and 2 more

    $193M

  2. Growth Equity 30 Apr 2024

    Led by Manipal Education and Medical Group; with Prosus, Temasek, 360 One Portfolios, La Caisse, WSSS Investments, Goldman Sachs, EvolutionX Debt Capital.

    Sources: healthcare.digital, entrackr.com, yourstory.com and 3 more

    $216M

    $710M post-money, below the round before

  3. Series E 7 Apr 2021

    Led by Prosus Ventures, TPG; with Temasek, La Caisse, Lightrock, Eight Roads, Think Investments.

    Sources: gunder.com, entrackr.com, yourstory.com and 2 more

    $350M

    $1.50B post-money

  4. Growth Equity 27 Nov 2019

    Investors not disclosed.

    Sources: startupnewsasia.com, entrackr.com

    $220M

  5. Debt 27 Sep 2018no round page

    With InnoVen Capital.

    Sources: medianama.com

    $5.5M

  6. Series C 26 Sep 2018

    Led by Eight Roads; with F-Prime Capital, Fundamentum, Think Investments, Bessemer Venture Partners, Fidelity International Ltd.

    Sources: medianama.com, medianama.com, yourstory.com

    $50M

  7. Series B 3 Apr 2017

    Led by Bessemer Venture Partners, Orios Venture Partners; with Aarin Capital.

    Sources: finsmes.com, yourstory.com, medianama.com and 1 more

    $17M

  8. Series A 1 Jan 2016

    Led by Bessemer Venture Partners; with Orios Venture Partners.

    Sources: medianama.com

    $5.0M

PharmEasy investors

28 investors have backed PharmEasy; Bessemer Venture Partners, Eight Roads and Orios Venture Partners and 4 more led at least one round.

  • Bessemer Venture Partners lead, 3 rounds
  • 360 One lead
  • Manipal Education and Medical Group lead
  • Prosus Ventures lead
  • TPG lead
  • La Caisse 2 rounds
  • Temasek 2 rounds
  • 360 One Portfolios
  • Alkram Ventures
  • Bennett Coleman
  • Fidelity International Ltd
  • Goldman Sachs
  • Kyrush Investments
  • Lightrock
  • Mahalaxmi Trust
  • Medley Pharmaceuticals
  • Micro Labs Limited
  • MVS Ventures
  • Prosus
  • WSSS Investments

What PharmEasy does

PharmEasy works in drug stores & pharmacies, with 14 recorded offerings and customers in healthcare.

Axelia Solutions Private Limited, known as PharmEasy, is an Indian private company operating as an e-commerce platform and digital healthcare aggregator. The company provides prescription and over-the-counter medicines, healthcare products, diagnostic tests, and teleconsultations through its digital platform. PharmEasy also offers home delivery of healthcare products and diagnostic services, and operates a supply chain and logistics network to support its operations. The company is certified as a Great Place to Work.

Description from Veridion's company data.

Products and services

  • Digital Healthcare Platform Services
  • Prescription and Over-the-Counter Medicine Retail
  • Diagnostic Test Services
  • Teleconsultation Services
  • Healthcare Product Retail
  • Personal Care Product Retail
  • Vitamins and Supplements Retail
  • Healthcare Device Retail
  • Express Medicine Delivery Services
  • Phlebotomy Services for Diagnostic Tests
  • Automated Sample Processing Services
  • Digital Diagnostic Reporting Services
  • COVID-19 RT-PCR Test Services
  • Home-Delivered Healthcare Product Services

Markets

  • Healthcare

Technology

  • Automated Sample Processing and Digital Reporting

Supply chain

  • Direct-to-Consumer Distribution

Business model

  • Business-to-Consumer
  • Service Provider
  • Retail
  • E-commerce
  • On-Demand

Industry codes (NAICS)

  • 456110 Pharmacies and Drug Retailers 70% match
  • 621511 Medical Laboratories 30% match

Questions about PharmEasy

What is PharmEasy worth?

Valuation $810M (range $259M to $932M), as of 24 Oct 2026. The last disclosed valuation was $710M (Growth Equity, Apr 2024).

Has PharmEasy raised money?

PharmEasy has 8 funding rounds on record, from Jan 2016 to Sep 2025, $1.06B in total. The latest disclosed valuation is $710M post-money (Growth Equity, Apr 2024).

Who has invested in PharmEasy?

Bessemer Venture Partners, Eight Roads, Orios Venture Partners, 360 One, Manipal Education and Medical Group and Prosus Ventures, and 22 more. Lead investors include Bessemer Venture Partners, Eight Roads, Orios Venture Partners and 360 One.

How many people work at PharmEasy?

About 3,980, up 1% over the last year. Headcount grew from 740 in Jan 2021 to 3,978 in Sep 2026.

What does PharmEasy do?

PharmEasy works in drug stores & pharmacies, with 14 recorded offerings and customers in healthcare. Its main offerings are digital healthcare platform services, prescription and over-the-counter medicine retail and diagnostic test services.

When was PharmEasy founded, and where is it based?

PharmEasy was founded in 2015 and is based in Mumbai, India. It has about 3,980 employees, up 1% over the last year.