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The Healthtech IPO Wave: PharmEasy, HealthKart, and Lybrate Are All Filing to Go Public—Inside the ₹15,000 Crore Pipeline That's Finally Proving Digital Healthcare Can Make Money
TechMay 30, 2026

The Healthtech IPO Wave: PharmEasy, HealthKart, and Lybrate Are All Filing to Go Public—Inside the ₹15,000 Crore Pipeline That's Finally Proving Digital Healthcare Can Make Money

In the winter of 2022, PharmEasy was in trouble. The online pharmacy and diagnostics platform, which had raised over $1.5 billion from investors including TPG, Prosus, and Temasek, had borrowed heavily to finance the acquisition of its largest competitor, Medlife, and then again to acquire the diagnostic chain Thyrocare. The debt was substantial—approximately $300 million—and the company's path to repaying it was uncertain. The IPO that PharmEasy had filed for in 2021 had been withdrawn, a casualty of the market's post‑pandemic repricing of technology stocks. The company's valuation, which had peaked at over $5 billion, was being marked down by its own investors. The financial press was writing its obituary. The narrative was familiar: another Indian startup that had raised too much, spent too fast, and was now facing the consequences.

The Agritech Unicorn Harvest: Four Indian Startups Just Crossed the Billion‑Dollar Mark—And Technology Is Finally Reaching the Farm
TechMay 30, 2026

The Agritech Unicorn Harvest: Four Indian Startups Just Crossed the Billion‑Dollar Mark—And Technology Is Finally Reaching the Farm

For decades, the Indian agricultural economy has been defined by a single, stubborn paradox. It employs more than 40 percent of the country's workforce, sustains the livelihoods of approximately 150 million households, and generates a gross value added of over ₹50 lakh crore annually. And yet, the technology that has transformed every other sector of the Indian economy—the digital platforms, the data analytics, the supply‑chain automation—has barely touched the farm. The farmer who buys inputs at the local mandi, who depends on the monsoon, who sells his harvest to a middleman at a price he cannot control, is participating in an economy that has remained largely unchanged for a century. The venture capitalists who poured billions into food‑delivery apps and quick‑commerce platforms showed almost no interest in the agricultural supply chain that fed those platforms. The agritech sector was treated as a niche—too small, too difficult, too dependent on the monsoon and the Minimum Support Price to be worth the attention of serious investors.

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