[Funding alert] Online healthcare platform Medlife raises funding; plans to enter offline pharmacy business
12 April 2019 1:25 AM GMT
According to the ROC filings, Medlife had issued equity shares in three tranches over the last two months to the Prasid Uno Family Trust.
- Bengaluru-based online healthcare platform Medlife has raised Rs 118.95 crore ($17 million) in an equity funding round from Founder Tushar Kumar's family trust, Prasid Uno Family Trust, according to media reports.
- When YourStory reached out to Medlife, Tushar declined to comment on the investment.
- According to its RoC filings reviewed by YourStory, Medlife has issued equity shares in three tranches over the last two months to the Prasid Uno Family Trust, with the latest being Rs 23 crore, as of March 20.Team MedlifeFounded in 2014 by Tushar, and Prashant Singh, Medlife is a healthcare platform that aims to solve inadequacies of the healthcare delivery system through technology.
- At present, Medlife offers its services in 21 cities, including Ahmedabad, Bengaluru, Bhopal, Chennai, Delhi-NCR, Hyderabad, Jaipur, Kolkata, Mumbai, and Varanasi.