25-Sep-19, Tech in Asia
Vietnam-based BuyMed, the startup behind pharma distribution marketplace Thuocsi.vn, has secured US$500,000 in a seed funding round led by Singapore’s Cocoon Capital and local VietCapital Ventures.
BuyMed was founded in 2018 with an aim to simplify healthcare distribution in Vietnam and Southeast Asia as a whole. Thuocsi, its business-to-business platform for healthcare and personal care distribution, on the other hand, connects healthcare practices with a number of verified and licensed distributors.
The startup is planning to develop a country-wide logistics network to make deliveries more cost-effective, even in the healthcare centers in Vietnam’s remote villages.