Tech Company Financing Transactions
Truemeds Funding Round
Truemeds closed a $330 million funding round on 10/16/2024. Backers included Accel Partners and private investors.
Transaction Overview
Company Name
Announced On
10/16/2024
Transaction Type
Venture Equity
Amount
$330,000,000
Round
Undisclosed
Investors
Accel Partners (Lead Investor)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
1st floor A wing, WeWork Chromium, Powai
Mumbai, Maharashtra, 400076
India
Mumbai, Maharashtra, 400076
India
Phone
Website
Email Address
Overview
Truemeds, an e-pharmacy and telehealth platform, focuses on providing affordable substitute medicines. We focus on making essential medicines affordable and accessible through our proprietary algorithm & pan India reach, reducing monthly medical bills for chronic patients by up to 51%. These affordable alternatives are sourced from top 1% pharmaceutical manufacturers in the country.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Akshat Nayyar
Founder
Kunal Wani
Browse more venture capital transactions:
Prev: 10/16/2024: Agtonomy venture capital transaction
Next: 10/16/2024: Capacity venture capital transaction
Share this article
Where The Data Comes From
We do our best to record all VC transactions involving tech companies. VC investment data records reported here are derived from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs