Burden of medicine bills is a leading cause of financial worry among Indian consumers ● 70% of healthcare spend in India is on Medicines ● 15-20% of family income of chronic patients is spent on medicines ● 63 million people in India plunge into poverty annually due to healthcare costs Our vision is to make healthcare affordable and accessible to all. We are a technology driven, tele-health platform that aims to reduce healthcare expenses and improve healthcare outcomes by democratising medicine purchase in India. Truemeds, through its proprietary algorithm and tele-consultation, is able to recommend best value medicines to customers with precise scientific matching and outcomes history leading to 50%+ savings for customers! We have grown at a phenomenal pace with customer love – 60X growth delivered in last 20 months. Headquartered in Mumbai, we are excited to build a strong product and operations team, which is passionate to build innovative solutions and willing to go the extra mile to ensure the customer has the best experience.
Location: India
Employees: 201-500
Total raised: $127.78M
Valuation: $400M
Founded date: 2019
Investors 2
| Date | Name | Website |
| - | Indian Ang... | iangroup.v... |
| - | InfoEdge V... | infoedgeve... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 16.08.2025 | Series C | $85M | Peak XV Pa... |
| 16.07.2025 | Series C | $20.98M | Peak XV Pa... |
| 24.04.2022 | Series B | $21.8M | - |
Mentions in press and media 23
| Date | Title | Description |
| 20.07.2026 | Quick pharma startup Plazza to expand store network with $15 mn funding | Quick medicine delivery platform Plazza has raised $15 million in a Series A funding round co-led by Accel, Elevation Capital, and Nexus Venture Partners, with participation from existing investors All In Capital and Better Capital. The fun... |
| 09.03.2026 | Rs 250 Cr growth-stage investment fund launched by Info Edge | With a capital commitment of Rs 250 crore, Info Edge has established a new growth-stage investment fund, which is its first vehicle specifically designed for later-stage businesses. In order to increase the total corpus beyond the initial R... |
| 01.09.2025 | August sees venture capital inflow of $1 billion with only 87 deals | After a noticeable dip in venture capital (VC) funding in July, the financial engines of the Indian startup ecosystem roared back to life in August 2025 as startups raised a billion dollars, aided by the steady inflow of deals worth over $4... |
| 16.08.2025 | [Weekly funding roundup Aug 9-16] VC inflow into Indian startups on the rise | Indian startups see venture capital (VC) funding steadily rise in August as the startup ecosystem clocks a few large number of deals. In the second week of August, startups raised a total of $324 million across 27 deals in VC funding compar... |
| 15.08.2025 | Top Startup and Tech Funding News Roundup – Week Ending August 15, 2025 | It’s Friday, August 15, 2025, and we’re back with the top startup and tech funding stories that shaped the week. From billion-dollar debt financings and nine-figure biotech rounds to stealth AI ventures breaking cover with ambitious plans, ... |
| 15.08.2025 | Dealmakers' Digest: Hottest Startup Cheques This Week (August 09–14) This week's deals highlight investor appetite for health savings platforms, instant groceries, luxury retail, AI storytelling, and ... | The Indian startup ecosystem witnessed an impressive flow of capital this week, with companies across medtech, quick commerce, life sciences, luxury retail, AI-powered content creation, and on-demand services raising significant funds. From... |
| 14.08.2025 | ETtech Deals Digest: Startups raise $338 million this week, up 65% on-year | Synopsis The number of deals during the week fell to 26 transactions, compared to 33 in the corresponding week of the previous year. ETtech Startups raised around $337.6 million between August 9 and 14, a 64.9% increase from the $204.7 mill... |
| 11.08.2025 | Truemeds Secures $85 Million to Revolutionize India's Healthcare Access | Truemeds, a leading e-pharmacy, secured $85 million in Series C funding. Accel and Peak XV Partners led the investment. This significant capital injection accelerates its mission. The company targets India's vast non-metro regions. It deliv... |
| 11.08.2025 | Accel, Peak XV lead Truemeds’ $85 mn Series C round | Truemeds founders Akshat Nayyar (left) and Dr Kunal Wani Truemeds, an online pharmacy and telehealth platform for chronic care, has raised $85 million (around Rs 748 crore) in its Series C financing. The funding was completed in two closes-... |
| 11.08.2025 | Truemeds Closes $85 Mn Series C Funding Round | SUMMARY Truemeds has closed its $85 Mn Series C fundraise from Accel, Peak XV Partners, WestBridge Capital and Info Edge Ventures The freshly raised capital would be deployed to fund its expansion strategy The round was raised in two tranch... |
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