Medikabazaar, a business-to-business online marketplace for medical supplies, raised its Series B round of funding in November last year.
The company secured the capital from a clutch of existing and new investors including Belgium-based diversified group Ackermans & van Haaren and Japan’s Toppan Printing Co. Ltd.
In an interaction with VCCircle, Medikabazaar founder and CEO Vivek Tiwari said the company has initiated talks to raise its Series C funding round for expansion in India and overseas as well as for technology development.
He also said that the company’s business has reached pre-COVID-19 levels and expects to double its gross merchandise value in this fiscal year ending March 31, 2021.