• Truemeds Secures $85 Million Series C to Expand Nationwide & Boost AI Diagnostics
• Atomic Capital Closes Rs 400 Crore Fund to Back Early Growth Consumer Startups
• Dhobi G Raises Rs 1.5 Crore from IOB to Scale College Laundry Services
• TMRW Bags Rs 437 Crore from ServiceNow to Integrate AI in Fashion Operations
• Darwinbox Raises $40 Million from Teachers’ Venture Growth to Expand North America Footprint

The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, and Chemical Manufacturing & Digital Entertainment. It marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, and others.

Funding News: Truemeds Raises $85 Million Series C Round Led by Accel and Peak XV Partners

Company: Truemeds

Founders: Dr Kunal Wani, Akshat Nayyar

About us: Mumbai-based e-pharmacy and telemedicine platform that provides clinically similar, affordable alternatives to branded medicines, helping patients especially chronic care patients with diabetes, hypertension, and cardiovascular disease save 50–70% on monthly medical bills. The platform also serves 600+ doctors daily and operates with 3,000 employees.

Founded Year: 2019

Office: Mumbai (Headquarters)

Sector: HealthTech

Funding Round: Series C

Investors: Accel, Peak XV Partners, WestBridge Capital, Info Edge Ventures

Also Read: How India's Startup Ecosystem Is Turning Hustlers into Industry Disruptors

Mumbai-based e-pharmacy and telemedicine platform Truemeds has raised $85 million in its Series C funding round, led by Accel and Peak XV Partners, with the participation of WestBridge Capital and Info Edge Ventures. The two-tranche round was completed.

The firm intends to invest the capital in opening more fulfillment centers in non-metro areas, boost its engineering and product teams, and set up a new Bengaluru office, with an aim of tripling national presence. Truemeds has also implemented an ESOP buyback scheme to recognize team effort.

In product growth, the company has released its iOS app and is planning to foray into the diagnostic services business in the next two to four months, commencing pilot activities in four cities in the next two quarters. It is also investing in AI-and-ML-driven tools for product curation, patient journey optimization, and demand forecasting.

Website: https://truemeds.in