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Healthtech platform Medikabazaar raises $75 million from Creagis, CDC Group

The current investment will be utilized to strengthen Medikabazaar’s digital capabilities, deepen the supply ecosystem, technology driven distribution channels and bolster capacity to provide a wider range of leading-edge quality medical supplies across diverse geographical regions.

September 24, 2021 / 07:20 AM IST

Healthtech platform, Medikabazaar, on September 24 announced that it has raised $75 million as a part of its Series C investment led by Creagis, along with CDC Group, UK’s development finance institution.

The round also saw participation from existing investors including Belgium-based Ackermans & van Haaren (AvH), HealthQuad Advisors Private Limited, Japan-based Rebright Partners, Kois Holdings, and Sumitomo Mitsui Financial Group.

The current investment will be utilized to strengthen Medikabazaar’s digital capabilities, deepen the supply ecosystem, technology-driven distribution channels and bolster capacity to provide a wider range of leading-edge quality medical supplies across diverse geographical regions.

The funding will also help Medikabazaar to augment its international operations especially across the Middle East, North Africa, and Southeast Asian markets.