Healthtech Startup Truemeds Raises $20 Million in Series C Round Led by Peak XV, Valuation Crosses $400 Million
Summary
Truemeds raised INR 174 crore, about $20 million, in a Series C round led by Peak XV Partners. The company says it will use the new capital to expand operations and support planned growth. The round pushes Truemeds’ post-money valuation above $400 million and brings its total Series C funding to $64 million. Truemeds helps users upload prescriptions, compare generic alternatives, and buy personal care, supplements, and healthcare devices online. The article also places the deal in the context of a strong first half for Indian healthtech funding.
Funding
Amount
$20.0M
Total raised
Date
July 16, 2025
Announcement date
Investors
Veda venture capital, WestBridge Capital, Banner Health, Asha Impact, Sequoia Capital, Apollo Hospitals
Lead investors
Company
truemeds.com
Funded company
Classifications
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applications
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