Telehealth platform Truemeds to raise $44-M in Series C led by Accel India

Mumbai-based telehealth platform Truemeds is raising INR 375.2 crore (around USD 44 million) in a Series C funding round led by Accel India (INR 285.4 crore for 10% stake) with the participation from WestBridge, through its investment vehicles Konark and MMPL Trust (INR 68.49 crore for 28.64% stake) and Info Edge (INR 21.31 crore for 23.02% stake) at a post-money valuation of USD 340 million. Post deal, the company’s founders would collectively retain a 22.43% stake.Founded in 2018 by Akshat Nayyar and Kunal Wani, Truemeds lets consumers find medicines of alternate brands with the help of prescriptions uploaded by them.