Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us
No Result
View All Result
No Result
View All Result
Home Supply Chain Updates

MedikaBazaar Gets $15Mn Funding To Expand B2B Medical Supply Chain

usscmc by usscmc
November 18, 2019
MedikaBazaar Gets $15Mn Funding To Expand B2B Medical Supply Chain
Share on FacebookShare on Twitter

Previously the company raised $5 Mn in Series A

MedikaBazaar is a B2B online marketplace for medical equipment and supplies

Existing investors include HealthQuad, Rebright Partners

MedikaBazaar Gets $15 Mn Funding To Expand B2B Medical Supply Chain

Mumbai-based B2B healthtech marketplace Medikabazaar has raised INR 112 Cr ($15 Mn) in a funding round led by HealthQuad, Ackermans & van Haaren, Rebright Partners and Toppan Printing company. 

The company plans to use this funding to enhance its technological abilities, supply chain infrastructure and expanding its team. In a statement to ET, CEO Vivek Tiwari said Medikabazaar has decided to keep its focus on smaller cities and remote areas and is aiming to secure 10% of the organised market by 2025.

Inc42 has reached out to MedikaBazaar to know more about its plans in terms of expansion, but the company is yet to respond to our queries. 

Last year, the Delhi-based healthcare-focused venture capital fund HealthQuad has also led MedikaBazaar’s $5 Mn Series A round. And in 2017, it raised $1 Mn in Pre-Series A from Rebright Partners II Investment Partnership, Sunil Kalra and Arun Venkatachalam, along with some angel investor from Japan in 2017. MedikaBazaar’s other investors, across series, include Elan Corporation, Sasaki Foods, CBCCo. Ltd, Kois Invest, Mitsui Sumitomo Insurance Venture Capital.

Founded in 2015 by Tiwari and Ketan Malkan, Medikabazaar is a B2B online marketplace for medical equipment and supplies, which largely focuses on Tier 2, Tier 3 and beyond. Medikabazaar targets to benefit offline healthcare systems by enabling ease of medical supplies to doctors and hospitals.

The latest round comes at a time when B2B marketplaces are attracting big investments across verticals. The overall B2B market size is expected to grow to around $700 Bn by 2020, according to an April 2016 report by the Confederation of Indian Industry and Deloitte.

In early October, Udaan raised a mega $585 Mn round, led by Tencent, Altimeter and Footpath Ventures. Last week, Jumbotail raised $2 Mn from Nexus Venture Partners.

Medikabazaar claims to catalogue over 1 Lakh products — medical disposable, dental equipments, pharmaceutical products, hospital software and medical devices, among others — on its website.  The company has 7 fulfillment locations and a direct presence in 20 regions across India.

According to an IBEF report, the Indian healthcare industry is expected to touch $372 Bn by 2020. The major factor that can contribute to this growth includes rising incomes, more health awareness, lifestyle diseases among many others.

Some of the players in healthtech segment includes 1mg, MedPlus, NetMeds, Meddo, PlusPin and  ProPhysio.

This September, Meddo, PlusPin and  ProPhysio had also raised fundings. Meddo raised $3 Mn in Pre-Series A in a round led by SRI Capital. PlusPin raised $733,68 K from Indian Angel Network (IAN) and  ProPhysio raised an undisclosed amount.

usscmc

usscmc

No Result
View All Result

Recent Posts

  • Volkswagen Announces Pricing of 25% Equity Stake Sale in Porsche
  • Can software simplify the supply chain? Ryan Petersen thinks so
  • A strategic approach to cost reduction for banks and fintechs
  • Study examines supply chain issues and opportunities
  • Instacart acquires hyper local grocery e-commerce platform

Recent Comments

  • Top 5 Supply Chain Certifications that are in high demand | Top 5 Certifications on Top 5 Globally Recognized Supply Chain Certifications
  • 3 Best Procurement Certifications that are most valuable | Procurement Newz on Top 5 Globally Recognized Supply Chain Certifications

Archives

  • September 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • September 2019

Categories

  • Global News
  • Supply Chain Updates

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor

Pages

  • Home
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Antispam
  • Contact Us

Categories

  • Global News
  • Supply Chain Updates
slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor

Tags

APICS Globally Recognized Supply Chain Certifications IIPMR Certifications International Institute for Procurement and Market Research (IIPMR) ISM Next Level Purchasing Top 5 Supply Chain Certifications top supply chain certifications

Trending

No Content Available
  • Antispam
  • Contact Us
  • Disclaimer
  • Home
  • Privacy Policy
  • Terms of Use

© 2023 www.usscmc.com

No Result
View All Result
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us

© 2023 www.usscmc.com

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT