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Medikabazaar secured in the funding Series B round

Medikabazaar is a B2B medical supplies platform that has now secured $15.8 million in the funding round of Series B led by the existing investor Healthquad, Van Haaren & Ackermans, and Rebright Partners.

In the month of October 2018, the Healthcare sector-focused more on the venture capital firm Healthquad invested $5 million in a Series A round in the healthcare startup along with the existing investors.

Medikabazaar, which is wholly owned by the Boston Ivy Healthcare Solutions, will now be going to use the funds secured in the latest rounds to improve the platform, hire talent, and supply chain management.

“The company has validated our strong use case hypothesis, which has translated into rapid business ramp-up and high repeatability. We remain committed to supporting the company’s robust future strategy of leveraging economies of scale, deriving data insights to automate inventory management and deepening market penetration,” said Charles-Antoine Janssen, CIO of Healthquad.

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