Hotline: 1800 102 2007
Hotline: 1800 102 2007
Nov, 01 2017

Netmeds bags $14 Million fund from Tanncam and sistema Asia fund

Investment will be used to continue to build upon Netmeds consumer base and expand its reach

Netmeds bags $14 Million fund from Tanncam and sistema Asia fund

Online pharmacy Netmeds has raised $14 million (over Rs 90 crore) in the latest round of funding from Cambodian investment holding company Tanncam and venture firm Sistema Asia Fund.

Netmeds said in a statement “Tanncam and Sistema will join early investor’s investment bank MAPE and OrbiMed Asia, along with Pradeep Dadha and his family, as stakeholders in the company".

Netmeds CEO Pradeep Dadha said, "We believe that this round of funding reflects a renewed confidence in the industry and its future, brought about by both GST and the government's release of the draft of rules governing online pharmacies. Investment will be used to continue to build upon Netmeds' consumer base and expand its reach to more locations in the country”.

Tanncam CEO Anthony Galliano said on the development "Netmeds is changing the paradigm in the pharma market in India and we strongly believe in the merits of the investment. We work with many start-ups and young entrepreneurs, but Netmeds is unique among them because it is led by such a strong and seasoned leadership”.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    About: Burger Singh is into business of Fast Food Burger Chain..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Automobile Accessories
    About Us:  Minda Silca Engineering Pvt. Ltd. introduced the concept of..
    Locations looking for expansion Uttar pradesh
    Establishment year 2008
    Franchising Launch Date 2016
    Investment size Rs. 2lac - 5lac
    Space required 80
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater GREATER NOIDA Uttar pradesh
  • Fine Dine Restaurants
    About Us: Located in Andheri, The newest eatery to make its way..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Toniq focuses on affordable fashion accessories, jewellery and handbags...
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities