Announcing funding of $500,000 from the Tamil Nadu Emerging Sector Seed Fund (TNESSF), administered by Tamil Nadu Infrastructure Fund Management Corporation Limited, is MrMed, an online super-specialty pharmacy.
The government of Tamil Nadu established a seed fund to support new businesses and enterprises in developing industries. TNESSF received money from angels from the BEEJ Network and Vish Entrepreneurs LLP as well.
The money will be used for marketing campaigns, team growth, and the exploration of new business opportunities in the healthcare service provider and pharmaceutical supply chain industries.
Read also – [Funding alert] ShipEase Secures $1 Mn in Pre-Series A Round Led By Inflection Point Ventures
“We are quite excited about the fundraise and are looking to utilize the funds for customer acquisition and team growth. While we are a frugal company, we recognize the challenges in the B2C domain. Our objective is to establish a profitable yet scalable brand in the super specialty healthcare space, ensuring the same level of customer service and operational excellence,” said Devashish Singh, co-founder, MrMed.
In order to eliminate the stigma attached to the cost of speciality medications and to guarantee quick access to cheap medications, MrMed started operations in 2021.
“MrMedis an impactful venture in healthcare by making specialty treatments more affordable and bringing pricing transparency through their digital platform. We are delighted to partner with MrMed on their growth journey,” shared Shanmugapraveen, Tamil Nadu Emerging Sector Seed Fund.
Read also – [Funding alert] CredRight Secures INR 78 Crore In Equity And Debt Financing Round
About MrMed
MrMed is the largest online pharmacy in India for super-specialty drugs with a goal of becoming a technology-enabled, patient-centric company. By offering patient-centered services that aid in the purchase of medications and adherence to patient support programs, MrMed goes above and beyond what is expected of a pharmaceutical marketplace.
MrMed’s workplace atmosphere is upbeat, active, goal-oriented, and designed to bring out the best in each of our workers. By allowing individuals to be flexible in how they work to complete daily tasks, they encourage them to express their individuality.
Read also – [Funding alert] DevOps startup Facets.cloud Secures $4 million in funding
