The Indian E-Pharmacy firm PharmEasy may lay off hundreds of employees
- ByStartupStory | December 10, 2022
PharmEasy may lay off hundreds of employees according to the sources. It is one of the drug and medical services firms in India. It was started in 2015 in Mumbai by Dharmil Sheth and Dhaval Shah. The service of this firm is basically the online marketing of medicine, drugs and other health care products.
In the beginning the online marketing of medicine was illegal in India and later in the online sales of medicines was later regulated and the merger was completed in 2021.In 2021, the company was reported to be acquiring Thyrocare.
The lay off has been seen as a part of a drive by the Unicorn Company towards profitability through cost savings and consolidation since funds dry up, they said. The company works through the app PharmEasy for the public. The company also provides consumers with on-demand, home delivered access to a wide range of prescription, OTC pharmaceutical, other consumer healthcare products, comprehensive diagnostic test services, and teleconsultations thereby serving their healthcare needs.
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