News on Medial

OTP Ventures leads $2.4 Mn round in Zeelab Pharmacy

Entrackr · 4h

Omni-channel healthcare brand Zeelab Pharmacy has raised $2.4 million in its maiden funding round led by OTP Ventures. The fresh funds will be utilized for expansion, focusing on augmenting its retail footprint and enhancing delivery capabilities, Zeelab said in a press release. Launched in 2019 by Rohit Mukul, Zeelab Pharmacy is a pharmacy company that sells affordable, high-quality generic medicines and other products. It aims to provide access to essential healthcare, make quality healthcare affordable for all in India, and empower the Indian pharmaceutical industry. Zeelab has also recently appointed Bollywood actor Randeep Hooda as its brand ambassador. It intends to provide medicines at 90% lower cost to patients, aiming to create an India where every citizen has access to medicines at their true price. Zeelab Pharmacy claims that it has an impressive network of over 225 stores and processes more than 1,500 orders daily. Zeelab plans to accelerate its growth initiatives, prioritizing the expansion of its retail network, the development of 60-minute delivery capabilities across metro and non-metro cities, and cementing its position as a leader in the Indian healthcare sector.