Healthcare | August 18, 2021
Swastika Investmart and Medcords Healthcare join hands to finance medical stores
Through the Sehat Sathi App business can access unsecured business loans at low interest
Through the Sehat Sathi App business can access unsecured business loans at low interest
The company reports revenue growth of 26% and PAT growth of 21% YoY
Substantial reduction in losses
Founded in 2019, the start-up develops digital therapeutics, a therapeutic intervention from the convergence of biology and information technology
The transaction is expected to close in the Q4FY22
Startup receives US $ 5 million in first round of funding
Complementary business models are the reason for the acquisition
Proceeds from the IPO will be used for the expansion of the Dehradun facility.
The new greenfield manufacturing facility will be operated alongside the Guwahati facility as a parallel unit thereby helping mitigate the risks of a single-location operation
The company proposes to utilise the net proceeds from the fresh issue towards payment of outstanding purchase consideration
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