Online Pharma Netmeds Raises $35 Mn In Series C Funding Round

techiexpert
Sep 1, 2018 · 1 min read

Chennai-based online pharmacy Netmeds has raised around ₹248 crores in series C funding Southeast Asian business group Daun Penh Cambodia Group (DPCG), along with other existing investors.

Existing investors that participated in the round include Sistema Asia Fund, a Singapore-based venture capitalist firm; and Cambodian investment holding company Tanncam Investment. The funds raised will be used to expand outreach through marketing, enhancing the customer experience by expediting delivery, along with accomplishing its goal of providing quality medication accessible to more customers.

Netmeds was founded by Pradeep Dadha in 2010. It is an online marketplace offering a wide range of prescriptions and other health products available across the country. It provides affordable products across various categories including prescriptions, fitness, personal care, family care, and lifestyle.

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