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Sistema's Venture Fund demonstrates the success of its investment strategy

20.08.2020 41 просмотров

Sistema Asia Fund, Sistema's venture fund, announces the sale of its stake in Netmeds, one of the leading pharmaceutical marketplaces in India.

Sistema Asia Fund, a venture capital fund of AFK Sistema, announces the sale of its stake in Netmeds, one of the leading pharmaceutical marketplaces in India. As part of the deal, the pharmaceutical startup was acquired by Reliance Retail Ventures Limited. The deal, which is the second exit of Sistema Asia Fund from investments, allowed the venture capital fund to achieve high returns three years after investing in an online pharmacy.

Sistema Asia Fund < /b>first invested in Netmedsin 2017. Exiting this investment will bring high returns to its investors as the pharmaceutical startup quadrupled in the past three years. This transaction will be the second monetization for Sistema Asia Fundafter the sale of a stake in Qwikcilver in March 2019. This year, AFK Sistema expects to make its last investment through its first $120 million Asian fund.

“Since investing in Netmeds > in 2017, Sistema Asia Fund strengthened the start-up's leadership position in the rapidly growing online pharmacy market by facilitating the development of the supply chain and the expansion of the logistics network, as well as exploring the possibilities of international expansion. The rapid growth of Netmeds over the past few years demonstrates the success of our strategy of investing in companies with good scaling potential and reliable revenue streams. This became possible thanks to the fruitful cooperation with Pradeep Dadhaand the entire team of Netmeds,” said Andrey Terebenin, Managing Partner of Sistema Asia Capital. - Netmeds's support from Reliance confirms our investment philosophy, which is to invest the funds of the fund's investors in promising projects in the rapidly growing Indian technology market. We are confident that Reliance's investment will accelerate Netmeds' growth and help the startup become a leader in the online pharmacy segment.”

Founded by Pradeep Dadha in 2010, Netmeds is one of India's leading online pharmacies and is committed to making revolution in healthcare. Today, the startup has over 4 million customers across India. It allows them to purchase medicines online, set up monthly drug subscriptions, order lab tests, arrange medical checkups, and consult trusted doctors online. The company's services have been in especially high demand during the COVID-19 pandemic. The Netmeds delivery service has fulfilled orders in more than 14 thousand locations throughout India. 


Sistema Asia Fund is a venture fund created by AFK Sistema » to invest in consumer- and enterprise-focused technology startups in India and Southeast Asia with a highly professional team, potential for global scale and reliable sources of income. 

After exiting Netmeds, Sistema Asia Fund retains eight companies, including Licious (about online meat and seafood retailer), Rebel Foods (multi-brand food ordering app), Uniphore (dialog AI technologies), Lendingkart Technologies (fintech company helping SMEs with working capital financing), HealthifyMe (health and fitness app), Seclore (corporate data security company ) and Kissht(fintech platform for consumer lending).

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