India: Netmeds.com raises $50m funding led by US-based OrbiMed

India: Netmeds.com raises $50m funding led by US-based OrbiMed

Pradeep Dadha, Founder and CEO, Netmeds.

Online pharma aggregator Netmeds.com has raised $50 million funding led by OrbiMed, a healthcare-focused investment firm, the company said on Monday.

The investment will be done in tranches which includes $30 million from OrbiMed and rest $20 million from its earlier investor Mape Advisory.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter