Medlife raises Rs 110 Cr in debt funding

Medlife, an online platform providing pharmacy, diagnostics, and e-consultation, has raised Rs 110 crore from Wilson Global Opportunities Fund. The company was founded by Tushar Kumar and Prashant Singh in 2014.

Earlier, Medlife had raised Rs 118.95 crore (almost $17 million) in equity funding from Tushar’s family trust, Prasid Uno Family Trust.

These funds will help Medlife for working capital requirements, marketing its business activities, technological development, employee costs, and to support future growth.

Medlife began with providing services in just 85 pin codes in Bangalore and later expanded its operations in Mumbai, adding to 140 pin codes. Currently, Medlife serve 10 million customers and provide healthcare services.

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HrNxt Newsdesk

HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com. 

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