Medikabazaar, India's B2B Store For Hospital Supplies, has recently raised $65 million (around Rs 494 crore) in a funding that was led by private equity firm Lighthouse’s India Fund III.
Lighthouse led the round with a $30 million (Rs 225 crore) investment, with participation from existing investors Health Quad, Creaegis, Ackermans & van Haaren, KOIS Holdings and British International Investment (previously CDC).
This is fourth investment by Lighthouse in the medical sector.
Diagnostic services chain in East India Suraksha Diagnostic, Medical Equipment Company Poly Medicure and Orthopaedic appliances and fracture assistance brand Tynor Orthotics are among the companies it has previously invested in.
“We continue to invest heavily in our tech capabilities and operations to further improve our goal of making healthcare available, accessible, and affordable in India and replicating our success in international markets," stated Vivek Tiwari, Founder and CEO, Medikabazaar.
"The funding will enable us to expand and deepen our presence in the Indian B2B health tech industry and help power our global ambitions,” he added.