SAIF, Nexus invest in pharmacy company

BENGALURU: Subscription pharmacy Corner Store Technologies that operates under the

LifCare

brand has raised $11 million (Rs 76 crore) in a series-B round from

SAIF Partners

,

Nexus Ventures

and IL&FS. The funds will be used to expand LifCare's footprint and make further investments into technology, the company said.


LifCare caters to patients with chronic illnesses. The company currently serves more than 3 lakh families in North India who take medicine refills every 30-60 days. These patients, suffering from

diabetes

, cardiac conditions,

hypertension

, renal disorders, and thyroid, require ongoing medication.

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