Rio.ai raises Rs 43.08 Cr in pre-Series A led by Version One Ventures. The healthtech startup will use funds for operations, expansion, and strengthening its capital base.
Amount Raised
₹431 Million
Round Type
Pre-Series A
Investors
Description
Rio.ai, an AI-powered quick-commerce platform for medicines and healthcare essentials, has raised Rs 43.08 crore in a pre-Series A funding round led by Version One Ventures. The round saw participation from existing investors Xeed Ventures, Good Capital, and Amplify Partner. Version One Ventures invested Rs 21.30 crore, followed by Xeed Ventures with Rs 11.84 crore, Good Capital with Rs 9.47 crore, and Amplify IV PCC with Rs 47 lakh. The company's post-money valuation reached approximately Rs 170 crore, with the capital allocated for operations, working capital, and business expansion.
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