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
  • Biguine India is a one-stop destination for all your grooming..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 50lac - 1 Cr.
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • LOFA as a brand has chosen to be a pioneer..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Buying or selling of a property being very crucial decision,..
    Locations looking for expansion Maharashtra
    Establishment year 1987
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Nashik Maharashtra
  • Healthcare & Medical Products
    About Us: Year of establishing company & Brief content of company:..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10000 - 50000
    Space required 50
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities