IPO-bound PharmEasy strengthens board, to hire 200 engineers

NEW DELHI: IPO-bound

API Holdings

, the parent company of e-pharmacy,

PharmEasy

on Monday announced that it appointed five independent directors to its board.

The new appointments to the board are retired IAS officer

Vineeta Rai

, who was the former revenue secretary of India, Subramanian Somasundaram, ex-CFO of Titan Company,

Ramakant Sharma

, founder and COO, Livspace, Jaydeep Tank, a Mumbai-based gynaecologist and secretary general, FOGSI and pharma industry veteran Deepak Vaidya.

With the new appointments PharmEasy’s current board strength has increased to 12.

“We have luminaries from the field of public service, a leading doctor, a tech wizard & angel investor, a pharma veteran and someone who has seen consumer business very closely,” Siddharth Shah, co-founder & CEO, API Holdings. “The diversity will help us provide integrated, digital healthcare solution across the length and breadth of India benefiting all stakeholders.”

In addition, the startup said it will hire 200 engineers for its soon-to-be-launched development centres in Hyderabad, Pune and NCR region. PharmEasy is building a larger ecosystem to solve outpatient healthcare challenges.

“The new facilities will serve as a significant hub for driving development and innovation. Ahead of the opening of the new centres, PharmEasy will provide opportunities for inquisitive technology professionals across product and engineering, in different locations from all over the country, with a flexible work model,” said Abhinav Yajurvedi, CTO at PharmEasy.

Founded by five friends from Ghatkopar in Mumbai—Hardik Dedhia, Harsh Parekh, Dharmil Sheth,

Dhaval Shah

and Siddharth Shah, API Holdings operates brands and platforms such as PharmEasy, RetailIO, DocOn, Thyrocare.