Funding
Netmeds raises $14 million from Tanncam, Sistema
By Startup Enthusiast ·
- Date
- Company
- Netmeds
- What it does
- Netmeds, Tanncam, Sistema Asia Fund
- Kind
- Funding
- Amount
- $14 million
- Stage
- Series B
- Based in
- Chennai
What they do
Netmeds raised $14 million in October 2017 from Cambodian investment company Tanncam, with Sistema Asia Fund participating
What happened
Funds were earmarked to grow its user base and reach more locations across India
Why it matters
Before this round, OrbiMed, MAPE Advisory Group and founder Pradeep Dadha's family fund already held equity in the company
The details
- Netmeds raised $14 million in October 2017.
- Tanncam put in the money; Sistema Asia Fund took part.
- Existing holders were OrbiMed, MAPE Advisory Group and the founder's family fund.
- Funds are for a bigger user base and more locations.