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Rio Health raises $4.5M in pre-Series A led by Version One Ventures. The quick commerce platform for medicines plans to expand dark stores across Delhi-NCR.

PRIVATESep 24, 2026•about 3 hours ago

Amount Raised

$4.5 Million

Round Type

Series A

Health CareArtificial IntelligenceE Commerce

Investors

AmplifyGood CapitalXeed VenturesVersion One Ventures

Description

Rio Health, a quick commerce platform for medicines and healthcare essentials, raised $4.5 million in a pre-Series A funding round led by Version One Ventures. Existing investors Xeed Ventures, Good Capital, and Amplify also participated in the fully closed, all-equity round. The company plans to expand its presence across Delhi-NCR, grow its dark store network from three to over 15 locations, and strengthen its technology infrastructure. Rio Health currently processes over 30,000 orders monthly with an average order value of Rs 600-700.

Company Information

Company

Rio Health

About

Rio Health is a quick commerce platform for medicines and healthcare essentials operating across Delhi-NCR. The company delivers medicines in 20-30 minutes using an AI-led ordering system that identifies prescribed products from photographs or text/voice inputs in Hindi, English, or Hinglish. Rio Health operates dark stores serving approximately three-kilometer radiuses and uses neighborhood-level demand data to optimize inventory management of over 20,000 SKUs.

Fundz sees it the moment Rio Health raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Rio Health raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.