New Delhi, Feb. 19 -- Medical supply chain platform Medikabazaar-which is seeking to steady itself after a governance scandal three years ago that led to a board overhaul-is looking to raise around Rs.450 crore (about $50 million) in a fresh round of funding from existing and new investors as it plans to expand its footprint, the company's chief executive told Mint.

"The equity fundraise is likely to see participation from existing investors Creaegis, British International Investment, HealthQuad, Ackermans & van Haaren, and Rebright Partners," Dinesh Lodha said. "We are also trying to bring in new private equity or individual investors who are aligned in the healthcare and related space."

Medikabazaar plans to close the round before the...