News > Online Pharmacy Medlife Bags $6.8 Mn In Debt

Online Pharmacy Medlife Bags $6.8 Mn In Debt

News-S | 29/08/2020 06:59 PM | Click to read full article

Bengaluru-based online pharmacy Medlife has raised $6.8 Mn in debt from Ivy Icon Solutions. Medlife International Private Limited has allotted 50 compulsorily convertible debentures leading up to INR 50 Cr.

The company has not announced the use of the capital in the regulatory filings. Earlier this month, the healthtech startup raised $23.6 Mn or INR 173 Cr. in a mix of debt and preference shares from SC Credit Fund and Prasid Uno Family Trust.