On-line pharmacy platform SwipeRx has obtained $10 million in extra Sequence B funding from marquee traders, together with Sanofi’s World Well being Unit and Cercano Administration. The spherical was additionally joined by its current traders, SIG, Johnson & Johnson, and Patamar Capital.
The corporate, which has a community of over 250,00 pharmacy professionals and 50,000 pharmacies, initially raised $27 million in Series B funding in Might final 12 months.
WHAT IT’S FOR
SwipeRx, which is headquartered in Singapore, will use its newest funds to spend money on specialised healthcare logistics and financing, broaden its platform and pharmacy community in key markets, and construct up its superior knowledge groups. The corporate can also be working in Indonesia, the Philippines, Vietnam, Malaysia, Thailand and Cambodia
MARKET SNAPSHOT
Different budding Southeast Asian on-line pharmacies have attracted investments lately. In August, Indonesia-based Lifepack raised $7M in Sequence A funding to broaden its pharmacy warehouses throughout the nation. Medigo in Vietnam additionally bagged $1 million in funding in 2021 for the growth of its service choices, together with telemedicine.
Outdoors the area, Truemeds from India additionally not too long ago secured $22 million in Sequence B funding for its native growth whereas Pakistan-based Dawaai obtained $8.5 million in funding two years in the past to construct its provide chain infrastructure within the nation.
