Truemeds
Mumbai-based online pharmacy and telehealth platform, founded 2019, that helps chronic patients switch to more affordable generic/substitute medicines via a proprietary recommendation algorithm, free doctor teleconsultations (600+ doctors), and pan-India delivery (20,000+ postal codes).
Truemeds: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 10 Aug 2025 | Series C | $85 Mn | Accel Peak XV Partners InfoEdge Ventures WestBridge Capital | source |
| 26 Apr 2022 | Series B | $22 Mn | WestBridge Capital Asha Impact Indian Angel Network InfoEdge Ventures | source |
| 9 Jun 2021 | Series A | $5 Mn | Asha Impact Indian Angel Network InfoEdge Ventures | source |
| 22 May 2020 | Seed | ₹3.7 Cr | InfoEdge Ventures | source |
Recent Signals
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11 Aug 2025 · growth-traction
Truemeds closes FY25 with ~Rs 510 crore net revenue; monthly orders near 600,000, up 100%+ YoY source -
10 Aug 2025 · growth-traction
Truemeds crosses 3 million total customers, 500,000 monthly active customers (Aug 2025) source -
16 Oct 2024 · financial
Accel in advanced talks to invest in Truemeds at ~$330M valuation, up from ~$132M extended Series B in 2023 (per Tracxn, reported by TechCrunch) source -
1 Jan 2024 · org-team
Truemeds (Intellihealth Solutions) wins Gold in "Health Tech Solution of the Year" at IAMAI India Digital Awards 2024 source
News on Truemeds
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Who founded Truemeds?
Truemeds was founded by Akshat Nayyar, Kunal Wani in 2019.
How much funding has Truemeds raised?
Truemeds has raised $112.5 Mn across 4 tracked funding round(s), most recently on 2025-08-10. Figures are compiled from cited public sources.
Who are the investors in Truemeds?
Investors in Truemeds include Accel, Peak XV Partners, InfoEdge Ventures, WestBridge Capital, Asha Impact, Indian Angel Network.
What does Truemeds do?
Mumbai-based online pharmacy and telehealth platform, founded 2019, that helps chronic patients switch to more affordable generic/substitute medicines via a proprietary recommendation algorithm, free doctor teleconsultations (600+ doctors), and pan-India delivery (20,000+ postal codes).
Where is Truemeds headquartered?
Truemeds is headquartered in Mumbai, Maharashtra, India.
What is Truemeds's business model?
Truemeds's core value proposition centers on Up to 51% lower medicine bills, Substitutes sourced from top manufacturers, Free doctor teleconsultations, Transparent pricing and salt-composition disclosure.
How does Truemeds make money?
Truemeds's cited revenue streams include Medicine and medical device sales.