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Venture Capital

Medikabazaar In Talks To Raise Rs 200 Crore In Series B Funding | Business Standard News

by business-standard.com posted 3weeks ago 18 views
Medikabazaar, an online B2B platform for medical supplies, Tuesday said it plans to raise Rs 200 crore in Series B funding from venture capital investors in Japan, Belgium and Germany. This includes existing investors such as Delhi-based venture capital fund HealthQuad, Rebright Partners, Japan's Mitsui Sumitomo Insurance's venture capital arm, Belgium-based Kois Invest, Medikabazaar said in a statement. The funds will be used for the expansion of the company's fulfilment centres, strengthening the technology infrastructure, making last-mile delivery more efficient and investing in logistics automation, it added.

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