New Delhi, February 19 Online platform for B2B medical supplies, Medikabazaar, is looking to raise USD 50 million (approximately Rs 456 crore) in fresh capital to fund its next phase of growth, including accelerated digital innovation, the company said in a statement on Thursday.
The B2B platform stated that it aims to build a billion-dollar enterprise over the next five years, supported by improving fundamentals and renewed investor confidence.
"To support its ambition of reaching a billion-dollar scale, Medikabazaar is currently in discussions to raise USD 50 million in fresh capital, with USD 25 million already committed by existing investors," the statement said.
The proposed fundraising is expected to finance the next phase of growth, including accelerated digital innovation, deeper category leadership, enhanced technology capabilities, and wider reach across India's healthcare ecosystem, Group CEO Dinesh Lodha said.
Over the past year, the company has undertaken a decisive turnaround, scaling to revenues of over Rs 2,000 crore while achieving operating breakeven, Lodha said.
This shift has been driven by a renewed focus on strengthening its supply ecosystem and accelerating its digital business, which is now positioned as a core growth engine.
Medikabazaar's digital marketplace has recorded 100 per cent year-on-year growth, supported by improved platform capabilities, deeper supplier integration, and a sharper focus on customer experience, the company said.