27 March 2023
B2B medical supply chain platform Medikabazaar scooped up $65 million led by Lighthouse India in April 2022 with a jump of almost 3X in valuation. The fundraising came on the back of its strong financial growth during FY22 when it scaled 2.74X while also controlling expenses well. The operating gross revenue for the Mumbai-based company grew 2.74X to Rs 1,552.53 crore in FY22 from Rs 564.7 crore in FY21, according to the consolidated financial statements filed with the Registrar of Companies.
B2B medical supply chain platform Medikabazaar scooped up $65 million led by Lighthouse India in April 2022 with a jump of almost 3X in valuation. The fundraising came on the back of its strong financial growth during FY22 when it scaled 2.74X while also controlling expenses well. The operating gross revenue for the Mumbai-based company grew 2.74X to Rs 1,552.53 crore in FY22 from Rs 564.7 crore in FY21, according to the consolidated financial statements filed with the Registrar of Companies.
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