Exclusive: Epharma Startup Medlife Gets $17 Mn Top Up

Exclusive: Epharma Startup Medlife Gets $17 Mn Top Up

  • 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.


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