The Mumbai-headquartered company said it would use the fresh funds to expand geographically, expand product portfolio and support regulatory clearances.
The funding came from Steadview Capital, Tiger Global, Dragoneer, Westbridge, Mubadala and Microsoft's venture fund M12. The company said it plans to use the new funds to improve existing processes that digitize healthcare for providers, payers and patients by further developing its data activation platform.
Prashant Tandon, Founder and CEO, 1mg Technologies Pvt. Ltd, in conversation with Entrepreneur India, on the challenges of healthtech ecosystem and iterates that the sector is in need of a lot of investment and innovation
The funds will be utilized for working capital requirements, marketing business activities, technological development, employee costs, and to support the future growth of the company
The IoT-empowered sensors have made it simpler and more productive than at any time in recent memory for our friends and family to guarantee that individuals with disabilities
It is ironical is that the health professionals or physicians or specialist are treating lifestyle diseases the exact same way as they were treating infectious diseases i.e drugs, medicines & pills and that needs to change
The Indian online aggregator for medical supplies Medikabazaar has raised $5 million in Series A round of funding led by Quadria founders-led HealthQuad