A Vietnamese startup has efficiently raised 9 million USD in capital

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.

A Vietnamese startup has successfully raised $9 million in capital - Photo 1.

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.

Linh Lam