The fresh round of funding will enable DrStore to expand its business operations across geographies
DrStore, Mumbai-based healthcare service and technology company has raised undisclosed amount of funds in a pre-series A funding round from Equanimity Venture.
Neeraj Katare, CEO and Founder, DrStore, says, “The fresh round of funding will enable DrStore to expand its business operations across geographies. A substantial part of this investment will go for proprietary technology development. Our model serves critical unmet needs in the healthcare segment, the technology driven Group Purchase platform will enable sourcing of quality products with transparent pricing. The state-of-the-art technology will help us penetrate to small towns and rural India.”
Sukhendu Patnaik, Co-founder believes that this fund infusion will enable the company to hire the right talent and physical infrastructure. The company plans to scale up multifolds from the current stage within coming 12-24 months and to become the largest healthcare institutional buyer in India.
“DrStore brings the purchasing power of large organisations to small and mid-sized hospitals using deep technology and industry expertise. This is changing the industry landscape by bringing in procurement efficiencies, reducing costs and helping local hospitals have a wider and deeper impact,” Rajesh Sehgal, Managing Partner, Equanimity, said.
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