Private Equity Fund Investments
Medical supplies marketplace Medikabazaar raises Rs.433-Cr from CDC Group, Mitsui, Rebright, others
Mumbai-based medical supplies platform Medikabazaar is raising INR 433 crore from a clutch of investors. UK-based CDC Group, Rebright Ventures are participating in this round of funding. CDC group will be investing INR 131 crore while Mitsui Sumitomo Insurance Venture Capital will invest NR 30 crore. Existing investor Rebright Ventures will invest INR 15 crore. Angel investor Sunil Kalra, HealthQuad Fund, KOIS Holdings, and Ackerman & van Haaren NV are also participating. Medikabazaar is an online marketplace for medical equipment and supplies focusing on small cities and towns. The startup is working with more than 13,000 partners, offering over 5 lakh medical products. It claims to reach more than 1,000 towns and cross over 20,000 pin codes through its MBGO network. The firm is operational in over 18 countries, providing solutions to over 200,000 customers.
From the Venture Intelligence PE-VC Deal Database: Between Apr-17 and Nov-19, MedikaBazaar had raised more than INR 151 crore from Mitsui Sumitomo Insurance Venture Capital, Kois Invest, HealthQuad and Rebright Partners. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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