What is Truemeds?
Truemeds is a technology-driven tele-health platform dedicated to making healthcare affordable and accessible across India. By leveraging a proprietary algorithm and tele-consultation services, Truemeds aims to reduce healthcare expenses and improve patient outcomes. The platform achieves this by recommending best-value medicines, offering precise scientific matching, and providing historical outcome data, which has resulted in up to 51% savings for its customers. The company's vision is to democratize medicine purchase and enhance overall healthcare accessibility.
How much funding has Truemeds raised?
Truemeds has raised a total of $112M across 3 funding rounds:
Series A
$5M
Series B
$22M
Series C
$85M
Series A (2021): $5M with participation from InfoEdge Ventures, Asha Impact, and Indian Angel Network
Series B (2022): $22M led by Westbridge Capital, InfoEdge Ventures, and Asha Impact
Series C (2025): $85M supported by Accel, Peak XV Partners, Westbridge Capital Us Advisors, and Info Edge Ventures
Key Investors in Truemeds
Westbridge Capital
Westbridge Capital is a private equity firm that acquires mature operating businesses, often structuring deals with management to ensure long-term alignment. They focus on providing liquidity to underserved markets.
Asha Impact
Asha Ventures is a fund focused on inclusion and sustainability, investing in early to growth-stage companies in India's emerging middle class, particularly in digital health and education.
Accel
Accel is a global venture capital firm that partners with exceptional teams from inception through all phases of private company growth, focusing on supporting innovative companies and entrepreneurs.
What's next for Truemeds?
With its recent major strategic investment, Truemeds is poised for significant expansion and further development of its technological infrastructure. This capital infusion is expected to fuel growth initiatives, enhance its service offerings, and potentially broaden its market reach. The company's focus on cost-effective healthcare solutions positions it favorably to capitalize on the growing demand for accessible medical services, particularly in emerging markets. Future strategies will likely involve deepening its algorithmic capabilities and expanding its network of healthcare providers and pharmaceutical partners.
See full Truemeds company page
