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Pharmacy startup Zeno Health raises $25 million in funding round led by STIC Investments

Feb 27, 2024almost 2 years ago

Amount Raised

$25 Million

Round Type

series c

MumbaiPharmaceutical ManufacturingHealth Care

Investors

Lightbox VenturesStic Investments

Description

Pharmacy startup Zeno Health raises $25 million in funding round led by STIC Investments. The Series C funding round saw a significant participation from existing investor Lightbox Ventures.

Company Information

Company

Zeno Health

Location

Mumbai, Maharashtra, India

About

Zeno Health is Mumbai's #1 Generic Medicine focussed pharmacy with a widespread footprint in Mumbai and Pune with 175+ stores. Founded in 2017 by IIT Bombay alumni- Siddharth Gadia and Girish Agarwal, with a vision to create a new world of holistic healthcare that is authentic, accessible and affordable to all. Zeno Health offers genuine, high-quality generic & branded medicines with guaranteed savings. With an expert team of 530+ qualified pharmacists, who are dedicated to ensuring customers' health and happiness, Zeno Health provides access to prescription medicines for chronic and recurring diseases as well as non-prescription goods for general health, well-being and personal care. We serve more than 25+ lakh happy customers, generating 550+ Crores in savings and counting.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech