NetMeds Raising INR 250 Cr Convertible Debt From Parent Company Tresara

  • NetMeds, an online medicine selling company is in talks to raise approximately INR 250 Cr convertible debt from its parent company Tresara Health Pvt.
  • The online medical store, between December 2018 and July 2019, had reportedly raised equity funding worth INR 86 Cr from Teresa Health.
  • NetMeds also raised an investment of approx 250 crores from Daun Penh Cambodia Group in September last year.
  • 500 Cr, Medlife also raised INR 400 Cr from its existing investor Prasid Uno Family Trust.

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