PharmEasy co-founders Dharmil Sheth, Dhaval Shah, Harsh Parekh and Hardik Dedhia to leave troubled startup

​Dharmil Sheth, Dhaval Shah, Harsh Parekh and Hardik Dedhia, co-founders of API Holdings, the company that runs PharmEasy, will quit the firm, sources aware of the development told Moneycontrol.

Sheth and Dhaval Shah started PharmEasy in 2015 as an online medicine delivery company. In 2020, PharmEasy merged with Ascent Health, one of the largest offline pharmaceutical distribution companies, to form API Holdings.

Since then, Dharmil Sheth, Dhaval Shah (co-founders of PharmEasy) ran API Holdings along with Harsh Parekh, Hardik Dedhia and Siddharth Shah (co-founders of Ascent Health).

Now, more than four years after the merger, most of the co-founders are leaving the company, sources said. Siddharth Shah, the last remaining co-founder, will, however, continue to be associated with the company, they added.

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