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.
