Grapefruit Health completed tens of millions of dollars in Round A financing for new retail business expansion of medical devices.

Guide: Grapefruit Health Funds will be used for business development.
Artery Network (micro-signal: vcbeat) was first informed that on July 23, by the former Ali Health Director, Tiancat Pharmaceutical Health General Manager Mr. Kang Kai founded the new retail medical equipment "Westgrape Health" announced the acquisition of volcanic stone investment, the health industry fund tens of millions of Rounds of A round financing, the existing shareholders for additional capital investment.
Qiangyun Capital serves as the sole financial advisor for grapefruit health financing this round.
Grapefruit Health, founded in 2019, is a new retail company of medical devices that is based on medical devices as an entry point to help physical pharmacies improve their performance and create new retail scenarios, while enjoying two dividends of medical device growth and pharmaceutical segmentation.
Grapefruit Health brings together the backbone of the domestic pharmaceutical retail and medical devices in the field of domestic pharmaceutical retailing and medical devices in Ali B2B, rehabilitation home, Tmall Medical Museum, Ali Health, etc.
Alibaba style of execution and health care industry resources in-depth combination, effectively achieve the rapid growth of the company's business.
founder and CEO of Grapefruit Health: Kang Kai, founder and CEO of Kang Casey Grapefruit Health, is a well-known figure in China's pharmaceutical and electrical business circles.
as early as 2004, Kang Kai founded China's first pharmaceutical e-commerce B2C website Jinxiang.com; The annual GMV for pharmaceutical health has been raised from billions to 40 billion yuan, accounting for more than 70% of china's pharmaceutical and e-commerce market share, and since 2015, he has also served as a director of Ali Health (HKSE:00241), creating Ali Health, International, B2B, New Retail and other businesses, with team performance accounting for 90% of the total performance of Ali Health listed companies.
joined the Rehabilitation Homes Group as a partner and CEO in 2018 and founded WestgrapeHealth in 2019.
on grapefruit health, Kang Kai said: "In the last two years, the major chain pharmacies after the acquisition of the national horse-running circle, is bound to calm down to deep cultivation, and medical device section in recent years of breakthrough development, regardless of technology and energy are not the same day."
with the market changes brought about by social trends, consumer concept iterations and other factors, medical devices will certainly become the new growth point of the future physical pharmacies.
the new retail development of grapefruit health focus on medical devices, in the practice and development of the whole country, has formed from the first-line training, ping efficiency, human efficiency, to the supply chain, channel chain resource integration, to user health solutions, such as a complete system, directly pull the cooperative pharmacy retail performance significantly improved. "The pharmaceutical industry is undergoing a big structural adjustment, and big changes are a big opportunity," said Liu Kai, managing director of volcanic stone investment at
.
in the transformation, Grapefruit Health provides better services to patients and creates greater value for partners in new retail ingenuity.
Volcanic Stone is optimistic about the healthy development direction of grapefruit and has confidence in the team's industry judgment and operational capabilities.
Volcanic stone is also continuing to look for new opportunities for change in the medical industry. "The offline retail channels of medical devices cannot be ignored, and with the acceleration of social aging and the progress of consumption concepts, the market potential will be further released," said Wang Rulin, executive director of the
"-aligned Health Industry Fund."
we believe that The New Retail Concept of Grapefruit Health and the new model of win-win cooperation with partners will enable us to quickly establish a national professional channel brand.
, as a professional venture fund in the field of deep-cultivated medical care, is pleased to work with the team of grapefruit health to provide a better health service experience for the vast number of users. Zhao Yang, a partner at
" for Capital, said: "China's drugstores accountford with 4.85 percent of medical device sales, europe and the United States mature market drugstore selling accounted for nearly 50 percent, China's drugstore scenario of medical device sales have 10 times the room for growth."
big water has big fish, like the daily rapid consumer market Watson, famous products, no printing good products, medical device market category dispersion, high gross margin, strong demand characteristics are bound to create a segment of the field of channel brands.
to capital to look at a team with strong supply chain management capabilities and a deep understanding of new retail, secondary investment in grapefruit health is also based on this investment logic.
since the last round of investment, the west grapefruit has experienced the test of the epidemic is still growing at a high rate, the team's decision-making and execution ability is fully verified.
future, to provide support for capital in the supply chain, flow acquisition, commercial insurance and other aspects of support, to help grapefruit health and rapid development.
" as the exclusive financial adviser of the current round of financing of grapefruit health, Qiangyun Capital Vice President Zhu Xin said: "I have known Yu Tian for many years, in the pharmaceutical and electrical business community has many common friends, Yu Tian was the general manager of Tmall Pharmaceutical Health, this position is equivalent to the industry's information and resources hub."
we have full confidence in the accumulation of industry and entrepreneurial explosive power in Yutian, and are more pleased to be able to promote the cooperation between grapefruit health and well-known investment institutions in this financing, we will firmly with grapefruit health long-term running.
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