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Medlife Secures $17 Million in the funding round

Medlife which is a health technology startup has now secured the funding round of $17 Million from the family trust of its founder Tushar Kumar.

Prasad Uno Family Trust has pumped in the money across the three tranches over the last couple of months, according to the report.

Medlife, which was founded by the Prashant Singh and Kumar in 2014, is a self-funded online platform for the health care services. The startups also run Tulip Pvt Ltd, a company which manufacturers the allopathic and herbal medicinal products.

“The money will be infused in our personal capacity as founders and shareholders, as well from our family trust,” he had said. It’s not clear whether the latest round was part of this investment. A Medlife spokesperson declined to comment.

The company has also revealed the launch of its central laboratory in Bangalore soon. The central lab is a fully automated pathology lab which is offering the hematology, cytology, immunology, biochemistry, clinical pathology services.

Medlife has also claimed to service around more than 15000 deliveries daily across all the states of India.

Picture Credits: Medlife



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