Medikabazaar has raised $65 million in a fresh round led by Lighthouse India Fund III.
Lighthouse has invested $30 million in Medikabazaar along with participation from existing investors Creaegis, Health Quad, Ackermans & van Haaren, British International Investment (formerly CDC), and KOIS Holdings.
The funding will be used to strengthen its technological capabilities, deepen the supply ecosystem and digital-driven distribution channels, bolster digital operating capabilities to help improve the efficiency of the healthcare sector in India and expand its global operations.