Corner Store Technologies, an Indian first subscription pharmacy that operates under the brand “LifCare“, raised $11M in Series B funding.
Backers included SAIF Partners, Nexus Ventures and IL&FS.
The funds will be used expand LifCare’s geographical presence and further invest in technology.
Founded in 2015 by Krishna Killa, LifCare is a subscription pharmacy targeting patients with chronic illnesses. The company serves more than 300,000 families suffering from diseases like diabetes, cardiac conditions, hypertension, renal disorders, thyroid, etc., who take medicine refills every 30-60 days in North India.
The company uses intelligent technology and data science to automate medicine refills so patients never miss a dose.
Expanding from medicine delivery, LifCare will also be providing end to end services that chronic patients need to improve the management of their diseases.