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Rio Health raises $4.5 million to expand quick-pharmacy network

2 sources · first seen 16:33 24 Sept · updated 23:29 24 Sept

The brief

Written from 2 reports · check the source before you trade
  • Rio Health raised $4.5 million in a pre-Series A round led by Version One Ventures
  • It plans to grow from three Delhi-NCR dark stores to over 15 and target ₹150 crore-plus annual revenue
  • The funding signals competition in online pharmacy, affecting Indian quick-commerce and e-pharmacy players

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Read the reports

2 reports · earliest 16:33
Business StandardRio Health raises $4.5 mn in pre-Series A led by Version One Ventures16:33Inc42Rio Health Raises $4.5 Mn To Scale Its Quick Pharmacy Network23:29