HealthTech

When the side bet becomes the main game: How Thyrocare went from Pharmeasy’s big gamble to its lifeline

Shivani Verma

December 17, 2025 | 9 Min Read

Four years after Pharmeasy’s debt-heavy acquisition shocked India’s startup world, the diagnostics chain has become the troubled e-pharmacy’s profit engine, with its former CEO now running the whole show

In the summer of 2021, Pharmeasy made a bet that stunned everyone watching India’s startup scene.

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