About Truemeds
Truemeds is a company based in Mumbai (India) founded in 2019 by Akshat Nayyar and Kunal Wani.. Truemeds has raised $112.97 million across 6 funding rounds from investors including Accel, Allana and WestBridge Capital. The company has 286 employees as of March 27, 2024. Truemeds offers products and services including Medicine Delivery App, Personal Care Products, Health Supplements, Diabetes Care Items, and Healthcare Devices. Truemeds operates in a competitive market with competitors including Tata 1mg, Netmeds, PharmEasy, MedPlus and SastaSundar, among others.
- Headquarter Mumbai, India
- Employees 286 as on 27 Mar, 2024
- Founders Akshat Nayyar, Kunal Wani
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Intellihealth Solutions Private Limited
- Date of Incorporation 01 Feb, 2019
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$6.43 M (USD)395.83as on Mar 31, 2022
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Net Profit
$-1.85 M (USD)-529.71as on Mar 31, 2022
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EBITDA
$-3.34 M (USD)-710.1as on Mar 31, 2022
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Total Equity Funding
$112.97 M (USD)
in 6 rounds
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Latest Funding Round
$20 M (USD), Series C
Jul 16, 2025
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Investors
Accel
& 57 more
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Employee Count
286
as on Mar 27, 2024
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Products & Services of Truemeds
Truemeds offers a comprehensive portfolio of products and services, including Medicine Delivery App, Personal Care Products, Health Supplements, Diabetes Care Items, and Healthcare Devices. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for ordering and delivering medicines quickly.
Online store for skin and hair care items.
Platform for vitamins and supplements ordering.
Tools for monitoring and managing diabetes.
Devices for home health monitoring and support.
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Funding Insights of Truemeds
Truemeds has successfully raised a total of $112.97M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $20 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $20.0M
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First Round
First Round
(16 May 2020)
- Investors Count 58
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series C - Truemeds | Valuation |
investors |
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| Mar, 2025 | Amount | Series C - Truemeds | Valuation | Accel | |
| Sep, 2023 | Amount | Series B - Truemeds | Valuation | WestBridge Capital , Info Edge Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Truemeds
Truemeds has secured backing from 58 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, Allana and WestBridge Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Info Edge and Temasek
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Truemeds
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Truemeds
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Truemeds Comparisons
Competitors of Truemeds
Truemeds operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tata 1mg, Netmeds, PharmEasy, MedPlus and SastaSundar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of an online pharmacy with doctor listing and teleconsultation services
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| domain | founded_year | HQ Location |
Provider of an online store for medicines and healthcare products
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and healthcare platforms
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| domain | founded_year | HQ Location |
Medicines and health products are retailed through pharmacy outlets.
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| domain | founded_year | HQ Location |
An online marketplace for healthcare products is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Truemeds
Frequently Asked Questions about Truemeds
When was Truemeds founded?
Truemeds was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Truemeds located?
Truemeds is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Truemeds a funded company?
Truemeds is a funded company, having raised a total of $112.97M across 6 funding rounds to date. The company's 1st funding round was a Series B of $21.28M, raised on May 16, 2020.
How many employees does Truemeds have?
As of Mar 27, 2024, the latest employee count at Truemeds is 286.
What is the annual revenue of Truemeds?
Annual revenue of Truemeds is $6.43M as on Mar 31, 2022.
What does Truemeds do?
Provider of an online pharmacy and telehealth platform. The platform offers a wide selection of medications and personal care products. It facilitates online ordering with prescription uploads, and features a proprietary algorithm suggesting cost-effective substitute medications with equivalent active ingredients from manufacturers. The services include doctor consultations and home deliveries.
Who are the top competitors of Truemeds?
Truemeds's top competitors include Tata 1mg, SastaSundar and PharmEasy.
What products or services does Truemeds offer?
Truemeds offers Medicine Delivery App, Personal Care Products, Health Supplements, Diabetes Care Items, and Healthcare Devices.
Who are Truemeds's investors?
Truemeds has 58 investors. Key investors include Accel, Allana, WestBridge Capital, Peak XV Partners, and JM Financial.
What is Truemeds's valuation?
The valuation of Truemeds is $132.37M as of Sep 2023.