India, Aug. 11 -- Mumbai-based healthtech startup Truemeds has closed its $85 Mn (around INR 740 Cr) Series C funding round from Accel, Peak XV Partners, WestBridge Capital and Info Edge Ventures.

The fresh capital has been raised as part of the startup's expansion strategy. Truemeds plans to set up additional fulfilment centres in non-metro markets, boost engineering, develop products and build a technology hub in Bengaluru to tap into the country's software market.

The startup has raised its Series C funding in two tranches. In the first tranche, it pulled in $44 Mn led by Accel, while the second tranche was led by Peak XV Partners.

(The story will be updated soon.)

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