Exclusive: Epharma Startup Medlife Gets $17 Mn Top Up
11 April 2019 7:28 AM GMT
According to the MCA filings accessed by Inc42, the company has issued equity shares in three tranches over the last two months. See details here!
- Bengaluru-headquartered epharmacy startup, Medlife, has raised INR 118.95 Cr ($17 Mn) in an equity funding round from founder Tushar Kumar's family trust, Prasid Uno Family Trust.
- According to the Ministry of Corporate Affairs filings of Medlife International Pvt Ltd accessed by Inc42 , the company has issued equity shares in three tranches over the last two months.
- Here's the breakdown: February: 13,850 equity shares at a price of INR 14,440 including INR 100 face value per share amounting to INR
- 1MG's existing investors - Sequoia Capital, Kae Capital and HBM Healthcare Investments also participated in this round of funding, MCA filings accessed by Inc42 showed.