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Zeelab Pharmacy secures $2.4 million in maiden funding round from OTP Ventures

Zeelab Pharmacy, an omni-channel healthcare brand, said on Wednesday that it has raised $2.4 million in its maiden funding round, led by OTP Ventures

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Zeelab Pharmacy secures $2.4 million in maiden funding round from OTP Ventures
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22 Jan 2025 7:33 PM IST

Bengaluru, 22 January: Zeelab Pharmacy, an omni-channel healthcare brand, said on Wednesday that it has raised $2.4 million in its maiden funding round, led by OTP Ventures.

Zeelab Pharmacy, which provides medicines at lower cost to patients, will utilize this funding for aggressive expansion. It will focus on augmenting its retail footprint, enhancing its delivery capabilities, and consolidating its position as a frontrunner in India's rapidly evolving healthcare landscape, the company said in a release.

The funding round was led by OTP Ventures, with Suhail Sameer, Kunal Suri and Saurabh Vashishta serving as the key partners driving the investment. This capital infusion will empower Zeelab Pharmacy to accelerate its growth initiatives, prioritizing the expansion of its retail network, developing 60-minute delivery capabilities across metro and non-metro cities, and cementing its position as a leader in the Indian healthcare sector.

Commenting on the fund raise, Rohit Mukul, Founder of Zeelab Pharmacy said, "We are delighted to partner with OTP Ventures, who share our vision of democratizing access to affordable healthcare for all Indians. This funding will serve as a catalyst for our growth plans, enabling us to entrench our retail presence further, bolster our delivery infrastructure, and fortify our omnichannel ecosystem. We believe this partnership will be instrumental in propelling our mission forward and creating a more inclusive and equitable healthcare ecosystem in India."

Zeelab Pharmacy has a retail network reach of over 225 stores and processing more than 1500 online orders daily. The company recently appointed famed actor Randeep Hooda as its brand ambassador.

Zeelab Pharmacy aims to provide medicines at 90 per cent lower cost to patients, with the ultimate goal of creating an India where every citizen has access to medicines at their true price.

Zeelab Pharmacy 
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