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Medikabazaar raises Rs 112 crore to fund expansion

Updated : November 19, 2019 06:27 AM IST

Medikabazaar on Monday said it has raised Rs 112 crore from a clutch of investors from Belgium, Japan and India with an eye on business expansion.
The four-year-old company is targeting for a five times jump in revenues to touch $100 million by the end of the current financial year.
The Series B funding round was led by healthcare—centric VC firm, Health Quad, Belgian group Ackermans and van Haaren, Japanese investors Rebright Partners and Toppan Printing Co.
Medikabazaar raises Rs 112 crore to fund expansion

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