Janus Henderson downgrades Investments in PharmEasy’s Parent Company, API Holdings to $2.7 billion

Janus Henderson downgrades Investments in PharmEasy’s Parent Company, API Holdings to $2.7 billion.

Similar valuation cuts have affected other Indian startups like Meesho, Swiggy, Byju’s, Pine Labs, and Ola.

[{"selector":"#anim-2bff0294-be8e-494b-8191-26dea9f8f514","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4f608b90-741e-4877-9392-ff5b29773c06","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Janus Henderson notified the SEC of these revised valuations in a filing on May 30.

[{"selector":"#anim-bef25b47-a059-4071-940e-b70b95d7041f","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1e9597e4-cbe7-4851-bb59-002713bfe2ae","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

PharmEasy itself was valued at $5.6 billion during its last funding round.

[{"selector":"#anim-a394d493-b234-49e0-936d-892eba4117d9","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-036343f9-0e2d-410b-bc66-fee0175cfa60","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]