Collateral Medical, an online distributor of medical devices, has raised $3.5 Million in a Series A investment from Carpediem Capital.
The company will use the fund towards strengthening the company’s distribution capabilities, expanding the service network and strengthening the IT infrastructure.
It focuses on supplying medical devices for doctors, clinics, and small & medium hospitals present in Tier II and III cities in the country. It partners with major global and domestic medical device OEMs and serve customers through industry-specialized staff, eCommerce portal and conferences.
According to the report, Collateral Medical focuses on ensuring reasonable pricing and has helped thousands of doctors in 400 plus districts in 28 states to bring their cost down.