The Country’s one of the highest technology-based health company Medbikri has announced that the firm has secured an amount of 650 thousand US dollars on 9th January 2023. The health-tech company has bagged the fund in a pre-seeding funding round which was led by the 3one4 Capital.

Investors Present in the Funding Round for Medbikri

The Pre-seeding funding round witnessed the participation of investors including the Founder of 100x Entrepreneur Mr Siddharth Ahluwalia, the executive Vice Chairperson of Narayana Health Mr Viren Prasad Shetty, Mr Rahul Sharma the Co-founder of Zetwerk, the Co-founders of Hevo Technologies Saurabh Agarwal and Manish Jethani, founder of StayVista Amit Damani, Founders of Meesho Sanjeev Barnwal and Vidit Atrey and the Managing Partner of IvyCap Tej Kapoor. Apart from the 3one4 Capital.

The health-tech company announced in its press release statement that the funds generated in the pre-seeding funding round will be used by the firm in team building, to create the product and also to escalade the online application throughout the country.

The Medbikri Company also wishes to recruit around 50,000 employees for the post of Chemists or pharmacist at the various branches based in the states of Karnataka, Jharkhand, Delhi, Uttar Pradesh, Madhya Pradesh and Bihar in the next six months and also focuses on converting the e-pharmacies to e-clinics.

Concerning the fund raised from the pre-seeding funding round the Chief executive officer of the Company said that the pharmacy has been a touch point in the journey of the patients. The local pharmacies have a good knowledge of the patient’s medical history and are trusted and is available in 5 to 10 minutes from their home.

The Founder of the company also said that this will help the patients as they do not have to travel to the hospitals or the pharmacies to get the treatment or to buy the prescribed medicines. The CEO of the company also said that they are focusing on solving the issues related to working capital, Goods and Service tax (GST) and also the issues related to the procurement of the medicines at the pharmacies in turn giving rise to the latest Direct –to-consume (D2C) brand supply.

Photo Credit-Startup Story