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.
Janus Henderson notified the SEC of these revised valuations in a filing on May 30.
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PharmEasy itself was valued at $5.6 billion during its last funding round.
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