Latest news with #PharmEasy
Entrepreneur
9 hours ago
- Business
- Entrepreneur
PharmEasy Founders Enter $120M Interior Design Venture
Operating quietly in stealth mode over the last six months, All Home claims to have reached operational profitability and scale with brands like Colour Coats, House of W, and Fiamarc already live on the platform You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a notable pivot from healthcare to home improvement, PharmEasy co-founders Dharmil Sheth, Dhaval Shah, and Hardik Dedhia have launched All Home, a new venture aimed at organizing India's fragmented architectural and interior design market. The platform, already operational, focuses on delivering a full-stack solution across home categories such as sanitaryware, furniture, lighting, furnishings, and hardware. The launch comes five months after the trio exited PharmEasy, the digital pharmacy startup they co-founded, to move into the consumer goods space. Operating quietly in stealth mode over the last six months, All Home claims to have reached operational profitability and scale with brands like Colour Coats, House of W, and Fiamarc already live on the platform. "All Home is building trusted brands for the way India lives, builds, and renovates—across homes, offices, and urban infrastructure," the co-founders said in a joint statement. "Consumers are increasingly willing to invest in their living and working spaces, yet often lack access to the appropriate channels and products. Our platform aims to address this gap." Positioning itself as a one-stop shop, the startup says it collaborates with profitable omnichannel home improvement brands, offering them technological backing, design insights, and modernized manufacturing and distribution capabilities. The venture has also attracted substantial investor interest. All Home has raised an undisclosed funding round led by Bessemer Venture Partners, valuing the company at over $120 million. Other backers include Siddharth Shah (PharmEasy), Niket Shah and Shalibhadra Shah (Motilal Oswal), Kabir Narang (B Capital), and Ankur Gulati (Warburg Pincus). The founders believe India's next major consumer wave will emerge from home infrastructure spending. "After roti and kapda, India's next consumer boom lies in 'makaan'," they said, hinting at a rising shift in domestic consumption priorities toward better living spaces. The company has not yet detailed its expansion strategy or specific revenue metrics, but its early traction in stealth mode suggests a market ready for disruption.
Time of India
18 hours ago
- Automotive
- Time of India
Taxi apps renew GST plea; PharmEasy founders start up again
Taxi apps renew GST plea; PharmEasy founders start up again Also in the letter: Ride-hailing firms to flag SaaS services GST worries to CBIC Jargon buster: Driving the news: Market dynamics: Rapido currently uses the subscription model for its autorickshaw and four-wheeler ride-hailing services. Uber has implemented the model for its three-wheeler offerings. Ola Consumer, which first adopted the subscription approach for autorickshaws, expanded it to include four-wheeler taxi services earlier this month. ONDC-backed Namma Yatri has operated on a subscription basis since its inception, offering autorickshaw rides without a commission. Catch up quick: PharmEasy founders venture out again with new startup All Home Tell me more: Key details: All Home has raised $20 million in equity and debt funding. The startup has been valued at $120 million. Bessemer Venture Partners led the funding round, alongside several angel investors. PharmEasy CEO Siddharth Shah has also invested in the company. Quote, unquote: IT's Europe deal momentum is up after three slow quarters Numberwise: IT deals originating from Europe rose by around 5% compared to the previous quarter, while the US market remained flat with just 2% growth, according to US-based research firm HFS Group. The total value of European deals climbed to $4.08 billion between January and March 2025, up from $3.4 billion in the previous quarter and $3.5 billion in the same period last year, as per data services platform ISG. Deal book: Tata Consultancy Services (TCS) signed six deals in Europe since March. Infosys partnered with Allied Irish Banks and the UK's Yorkshire Building Society. HCLTech secured an engineering services contract with Swedish truck maker Volvo. L&T Technology Services and Tata Elxsi each signed €50 million contracts with unnamed European automotive clients. Wipro has appointed a new CEO for its European strategic unit amid a softer outlook. Other Top Stories By Our Reporters Amazon India enters at-home diagnostics space, expands healthcare vertical: Zetwerk set to pump Rs 500–800 crore for component making: Infosys' Bengaluru, Chennai centres top April on-site attendance: Global Picks We Are Reading Happy Monday! Ride-hailing firms plan fresh appeals to the indirect tax department over GST on subscription-based services. This and more in today's ETtech Morning Dispatch.■ Indian IT's European spring■ Amazon's fresh foray■ Zetwerk's manufacturing pushCab aggregator firms are preparing to make new representations to the indirect taxes department concerning the contentious issue of the applicability of Goods and Services Tax (GST) for services offered under the subscription-based SaaS the SaaS model, platforms charge gig workers a fixed subscription fee instead of pocketing a commission on each transaction. In this case, SaaS stands for 'Subscription as a Service.'Companies such as Rapido, Uber, and Ola plan to express their concerns regarding how the subscription model is taxed. According to sources familiar with the matter, this renewed push follows conflicting interpretations by the Karnataka Authority for Advance Rulings (AAR), leading to inconsistent treatment of the SaaS 5% GST is applicable under Section 9 (5) of the Central GST Act. This provision requires ecommerce platforms, such as ride-hailing firms, food delivery companies, and online marketplaces, to collect and remit tax on behalf of service providers using their apps. These include drivers, restaurants, and ecommerce sellers.(L-R) Dharmil Sheth, Dhaval Shah, and Hardik Dedhia, founders, PharmEasyThree cofounders of PharmEasy, who exited their executive roles earlier this year, have launched a new startup focused on the architectural and interior design Sheth, Dhaval Shah, and Hardik Dedhia have launched All Home, which plans to back consumer-facing brands across various categories, including sanitaryware, furniture, kitchen and wardrobe, and home hardware. The venture will invest in these brands while offering a mix of technology support, digital-first manufacturing and distribution capabilities, and market intelligence.'Consumers are increasingly willing to invest in their living and working spaces, yet often lack access to the appropriate channels and products. Our platform aims to address this gap,' Dhaval Shah Indian IT firms facing headwinds in their largest market, the United States, due to policy and trade uncertainties, Europe has emerged as a bright spot . After three subdued quarters, deal activity across the continent has gained ecommerce giant has teamed up with Orange Health Labs to introduce its diagnostics service , allowing home sample collection within 60 minutes and providing test results in under six hours for routine Bengaluru-based unicorn is seeking to invest in the manufacturing of printed circuit boards (PCBs), enclosures, and electromechanical components such as heat sinks and sensors, while preparing an application for the government's PLI development centres in Bengaluru, Chennai, and Pune had the highest on-site attendance in April, while the offices in Nagpur, Indore, and Gurgaon recorded the lowest.■ The $10 billion delivery empire built on Shein and TikTok orders ( Rest of World ■ How to out-troll the trolls, as told by the internet's foremost posters ( Wired ■ You sound like ChatGPT ( The Verge
Mint
19 hours ago
- Business
- Mint
PharmEasy co-founders enter home improvement space with new venture
Bengaluru/Mumbai: PharmEasy co-founders Dharmil Sheth, Dhaval Shah and Hardik Dedhia have started a new venture called 'All Home' to capture the growing home improvement and interior design market, months after exiting the online pharmacy company. The Mumbai-based company has raised an undisclosed capital from Bessemer Venture Partners at a valuation of over $120 million, its co-founder Dharmil Sheth told Mint. It also saw participation from prominent angel investors including Siddharth Shah (PharmEasy), Niket Shah (Motilal Oswal), Shalibhadra Shah (Motilal Oswal), Kabir Narang (B Capital) and Ankur Gulati (Warburg Pincus). All Home will offer brands across categories including furniture, sanitary ware, kitchen and wardrobe and home hardware to build an omni-channel platform, Sheth said. The platform is already operational and features brands such as Colour Coats and House of W and Fiamarc. Also read: Why is a $2.7 bn construction materials startup betting big on home decor? 'After roti and kapda, India's next consumer boom lies in 'makaan'. At All Home, we are building trusted brands for the way India lives, builds, and renovates—across homes, offices and urban infrastructure. Consumers are increasingly willing to invest in their living and working spaces, yet often lack access to the appropriate channels and products. Our platform aims to address this gap," the co-founders said in a statement. In January, the three executives stepped back from day-to-day operations of PharmEasy to build the new venture. This came at a critical time for the health-tech firm which has seen a steep drop in valuation in recent years. PharmEasy counts Temasek, TPG, Prosus, B Capital, GSV and Think Investments among its backers. The market for home improvement and organized furniture has been booming in India in recent years. A report by Deloitte from September 2024 noted that the country's home and household sector is expected to touch $237 billion by 2030 at a compounded annual growth rate (CAGR) of 10% bolstered by shifting consumer preferences and focus on convenience. Also read: Marks & Spencer scales back its home decor business in India According to Anant Vidur Puri, partner at Bessemer Venture Partners, the home infrastructure and interior design sector in India is at a pivotal inflection point, driven by rising aspirations and disposable incomes across the country. 'Despite its size, the market remains highly fragmented and underserved, with consumers and designers facing persistent challenges around quality, transparency, and efficiency." Also read: Vedantu eyes $10–15 million from existing backers via convertible equity All Home aims to introduce a transparent procurement methodology to facilitate access to products at competitive prices. The founders have identified significant inefficiencies in the current procurement process—such as the need for designers to coordinate with multiple vendors, prolonged turnaround times, lack of design cohesion and insufficient after-sales support—which they intend to address using internet-led manufacturing and distribution, Sheth said.
Entrepreneur
13-06-2025
- Business
- Entrepreneur
ArisInfra Files RHP to Raise INR 500 Crore via IPO, Eyes Debt Repayment and Expansion
The company plans to allocate INR 204.6 crore towards debt repayment. According to the RHP, ArisInfra's total debt stood at INR 336.6 crore as of the end of FY25 You're reading Entrepreneur India, an international franchise of Entrepreneur Media. ArisInfra, a B2B ecommerce firm operating in the infrastructure supply chain sector, has filed its red herring prospectus (RHP) to raise INR 499.6 crore through an initial public offering, nearly seven months after receiving regulatory approval from SEBI. The IPO, which comprises only a fresh issue of shares, will open for subscription on June 18 and close on June 20, according to the company's filings. The PharmEasy-backed company had originally planned to raise INR 600 crore through the IPO when it filed its draft red herring prospectus (DRHP) in August 2024. However, the size was later revised to INR 579.6 crore and eventually reduced further to the current INR 499.6 crore. Ahead of the public issue, ArisInfra raised INR 80 crore in a pre-IPO placement round by allotting over 36 lakh equity shares at INR 222 per share. Investors in this round included Columbus Fin Vest's director Vanaja Sundar Iyer and Param Capital Group founder Mukul Mahavir Agrawal. The proceeds from the IPO will primarily be used to improve ArisInfra's balance sheet and support business operations. The company plans to allocate INR 204.6 crore towards debt repayment. According to the RHP, ArisInfra's total debt stood at INR 336.6 crore as of the end of FY25. A substantial portion of this debt—INR 200 crore—was secured in 2021 from Priyanka Medical Pvt Ltd (PMPL), which is part of the promoter group and is backed by the parents of PharmEasy founder Siddharth Shah. The loan carries an interest rate of 12 per cent per annum. Another INR 177 crore from the IPO proceeds will go towards meeting working capital needs, reflecting the company's continued push to scale operations. Additionally, INR 47.8 crore will be invested in Buildmex-Infra Pvt Ltd, a subsidiary of ArisInfra, to support its own working capital requirements. The remaining INR 70 crore has been earmarked for general corporate purposes and potential acquisitions. However, the RHP specifies that not more than INR 60 crore will be used for any inorganic growth initiatives. Following the close of the subscription window, ArisInfra is set to list its equity shares on both the BSE and NSE.
Time of India
13-06-2025
- Business
- Time of India
ArisInfra Solutions sets price band for Rs 500 crore IPO, GMP signals 18% listing pop
Synopsis ArisInfra Solutions will launch its Rs 500 crore IPO from June 18–20, priced at Rs 210–222 per share. Backed by PharmEasy's co-founder, the tech-driven B2B platform aims to use proceeds for working capital, tech upgrades, and expansion. Strong GMP indicates robust investor interest ahead of the June 25 listing.
