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Buymed secured $51.5m in series B funding

Nextrans

5 thg 5, 2023

By this funding, Buymed will provide “one-day delivery” nation widely and source more medicines for better experiences.

Buymed - Nextrans' portfolio, has recently raised US$51.5 million in a new funding round from UOB Venture Management, US International Development Finance Corporation (DFC), Smilegate Investment, and Cocoon Capital.


Headquartered in Singapore, Buymed operates a B2B ecommerce website that connects pharmaceutical manufacturers, distributors, and clinics. It simplifies the procurement process and guarantees high-quality products and competitive prices for healthcare providers.


Although the market for pharmaceutical and care products distribution in Southeast Asia is projected to reach US$73 billion by 2024, it remains highly fragmented. The company reached 20,000 monthly active customers and covers 63 provinces in Vietnam. By this funding, they will provide “one-day delivery” nation widely and source more medicines for better experiences.


Read more at:

https://www.techinasia.com/uob-leads-us515m-buymed-expand-health-services


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