Online Pharmacy Netmeds Secures $35 Million In Series C Funding


 -  Netmeds raises $35 million in latest funding round from leading Southeast Asian business group, Daun Penh’s investment holding, Singapore

-  CEO Pradeep Dadha says “timing couldn’t be better” as Ministry of Health & Welfare, Govt of India issues notification recognising the e-pharmacy business

-  Netmeds aims to leverage the capital infusion for expanding its reach & making quality medication and healthcare accessible and affordable to more Indians

Leading Indian online pharmacy Netmeds.com has secured $35 million in funding from one of the leading Southeast Asian business group, Daun Penh’s investment holding, Singapore and existing investors.


Pradeep Dadha, CEO & Founder of Netmeds.com said the money would be used to ensure that the company “stayed the course” with regard to the extraordinary double-digit month-on-month growth it has enjoyed since inception. Daun Penh was joined in the round by the existing investors Sistema Asia Fund and Tanncam Investment.  MAPE, the Indian investment bank which has been involved with Netmeds since inception teamed with co-arranger Cambodian Investment Management for this Series C funding round.


Chennai: Sept 1, 2018

Online Pharmacy Netmeds Secures $35 Million In Series C Funding Online Pharmacy Netmeds Secures $35 Million In Series C Funding Reviewed by GADGETS INNOVATIONS on September 01, 2018 Rating: 5

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