 "NetMeds")
Chennai-based online pharmacy firm Netmeds.com has raised $35 million in funding from Daun Penh’s investment holding, Singapore, and existing investors. Daun Penh was joined in the round by existing investors Sistema Asia Fund and Tanncam Investment. MAPE, the Indian investment bank that has been involved with Netmeds since inception, teamed with co-arranger Cambodian Investment Management for this Series C funding round.
Pradeep Dadha, chief executive officer and founder of Netmeds.com, said the money will be used to ensure the double-digit month-on-month growth it currently enjoys. Netmeds aims to leverage the capital infusion for expanding its reach.
Dadha said the company will use
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