Pharmeasy founder Siddharth Shah steps down as CEO

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Pharmeasy founder Siddharth Shah stepped down as the chief executive of the online pharmacy startup on Wednesday. He will assume the role of vice-chairman at Pharmeasy’s parent company, API Holdings.

Rahul Guha, the CEO of Thyrocare, will succeed Shah as the Pharmeasy CEO. API Holdings had acquired a 66.1% stake in Thyrocare for Rs 4,546 crore in June 2021. Thyrocare is listed in the public markets, while Pharmeasy is yet to float an initial public offering.

” The board of directors of API Holdings Limited… has approved the additional responsibility…



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Pharmeasy founder Siddharth Shah steps down as CEO



Pharmeasy founder Siddharth Shah stepped down as the chief executive of the online pharmacy startup on Wednesday. He will assume the role of vice-chairman at Pharmeasy’s parent company, API Holdings.

Rahul Guha, the CEO of Thyrocare, will succeed Shah as the Pharmeasy CEO. API Holdings had acquired a 66.1% stake in Thyrocare for Rs 4,546 crore in June 2021. Thyrocare is listed in the public markets, while Pharmeasy is yet to float an initial public offering.

” The board of directors of API Holdings Limited… has approved the additional responsibility…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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