Taking a step further in its aggressive growth plans, Sequoia Capital backed online pharmacy 1mg on July 4 announced that it has acquired Medd, a marketplace for booking diagnostic and imaging tests. 1mg did not divulge the deal size and structure. “Diagnostics is a huge opportunity within …
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Start-ups to rely on bridge rounds to tide over fund crunch
When the founders of angel-funded healthcare start-up Medd set out to raise institutional capital from Venture Capital (VC) funds in June, the tide had turned. The start-up ecosystem was showing signs of trouble, with large start-ups such as Housing, TinyOwl and others laying off employees and st…