VC Fund Investments
Tele-helath platform Truemeds raises $5-M from InfoEdge, Asha Impact, IAN
Mumbai-based tele-health platform Truemeds has raised USD 5 million (INR 36.4 crore) in a Series A funding round led by InfoEdge Ventures, Asha Impact and Indian Angel Network (IAN). The funding will be used to further expand its footprint to three additional cities, build product and technology and invest in improving the supply chain of generic medicines. Truemeds focuses on recommending value alternative brands to chronic patients. The startup provides free delivery of the suggested brands.
From the Venture Intelligence PE-VC Deal Database: In May-20, InfoEdge had led a INR 5-Cr investment in Truemeds. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
