BuyMed (the working unit of Thuocsi.vn), a B2B startup for on-line pharmaceutical distribution, has simply acquired an funding of $9 million in a Collection A spherical. Main this spherical is the enterprise fund of Vietnam’s Enterprise Capital. Korea Smilegate Funding with participation from B Capital Group and present buyers Cocoon Capital, Genesia Ventures, Sequoia Capital India Surge program and Nextrans.
Thus far, BuyMed has efficiently raised a complete of $12.eight million. Beforehand, within the Collection A pre-round introduced final yr, this startup acquired an funding of $ 2.5 million.
The brand new capital will probably be utilized by BuyMed to develop the corporate’s distribution community in each Vietnam and different components of Southeast Asia.
BuyMed is invested 9 million USD. Picture: BuyMed.
Launched in 2018, BuyMed’s purpose is to simplify the pharmaceutical distribution business in Vietnam and Southeast Asia. Ho Chi Minh Metropolis-based startup helps join pharmacies, clinics with pharmaceutical firms shortly.
In January this yr, BuyMed expanded to Hanoi to ascertain a distribution system, permitting the provision of merchandise throughout 63 provinces. The corporate at present processes about 30,000 orders per thirty days and provides greater than 16,000 pharmacies in Vietnam.