VC Fund Investments
Inventory mgmt enabler for pharmacies Medbikri raises $650-K led by 3one4 Capital
Bengaluru-headquartered Medbikri, an inventory management solutions provider for pharmacies, has raised USD 650,000 in a pre-seed funding round led by 3one4 Capital. Other investors in the round include Siddharth Ahluwalia (Founder, 100X Entrepreneur), Tej Kapoor (Managing Partner, IvyCap), Sanjeev Barnwal and Vidit Atrey (Founders, Meesho), Saurabh Agarwal and Manish Jethani (Co-Founders, Hevo Technologies), Rahul Sharma (Co-Founder, Zetwerk), Amit Damani (Founder, StayVista), and Viren Prasad Shetty (Executive Vice Chairman, Narayana Health). Medbikri app allows pharmacies to update their inventory by uploading photos of the purchase bills, record sales, and send e-invoices and prescription refill reminders to customers. The company will use the funds to build the team, develop the product and scale across India. Medbikri aims to onboard 50,000 chemists/pharmacists across UP, MP, Bihar, Jharkhand, Delhi and Karnataka, in the next six months. The company also aims to convert pharmacies into e-clinics by enabling them to offer doctor consultations, diagnostic tests and other basic procedures. It plans to open 10,000+ e-clinics across the country, including at select pharmacies in Lucknow this year.
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