Southeast Asian Internet Pharmaceutical Company SwipeRx Gets $10M From Sanofi And Other Investors

Online pharmacy platform SwipeRx has received $10 million in additional Series B funding from major investors including Global Health Unit Sanofi and Cercano Management. His existing investors, SIG, Johnson & Johnson and Patamar Capital also joined the round.

The company, which has a network of over 250,000 professional pharmacists and 50,000 pharmacies, initially attracted $27 million in Series B last May.

WHAT IS THIS FOR

SwipeRx is headquartered in Singapore. will use its latest funds to invest in specialized logistics and healthcare financing, expand its platform and pharmacy network in key markets, and build its advanced data teams. The company also operates in Indonesia, Philippines, Vietnam, Malaysia, Thailand and Cambodia

MARKET REVIEW

Other promising Internet pharmacies from Southeast Asia have attracted investment in recent years. August in Indonesia Lifepack has raised $7 million in Series A funding to expand its pharmacy warehouses nationwide. Medigo in Vietnam has also raised $1 million in investment in 2021 to expand its service offerings to include telemedicine.

outside the area, Indian company Truemeds also recently raised $22 million Series B investment for its local expansion, while Pakistani company Dawaai raised $8.5 million two years ago to build its supply chain infrastructure in the country.

Content Source

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texasstandard.news contributed to this report.

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