Funding
Netmeds raises $35 million Series C round
By Startup Enthusiast ·
- Date
- Company
- Netmeds
- What it does
- Netmeds, Daun Penh Cambodia Group
- Kind
- Funding
- Amount
- $35 million
- Stage
- Series C
- Based in
- Chennai
What they do
Online pharmacy Netmeds collected $35 million, led by Southeast Asian group Daun Penh Cambodia Group, in September 2018
What happened
Earlier backers Tanncam Investment and Sistema Asia Fund joined the round alongside the new lead investor
Why it matters
The money is meant for marketing, wider stock, more fulfilment centres and faster delivery across the country
The details
- Netmeds raised $35 million in a Series C round.
- Daun Penh Cambodia Group led the round.
- Tanncam Investment and Sistema Asia Fund, existing investors, took part.
- Funds go to marketing, stock, fulfilment centres and quicker delivery.