IANS | 28 Feb, 2024
Healthtech platform Zeno Health on Tuesday said it has raised $25
million in its Series C funding round led by Korean private equity
investor STIC Investments.
Existing Zeno Health investor Lightbox was also a significant participant in the round.
The
startup said it will use the funds to reach more consumers, expand its
footprint, and further enhance its technological infrastructure.
“The
company remains steadfast in its mission to reach and serve 1 crore
consumers monthly, aspiring to reduce the healthcare expenditure by 50
per cent,” said Siddharth Gadia, CEO and Co-founder of Zeno Health.
Started
in 2017 by IIT Bombay alumni Gadia and Girish Agarwal, Zeno Health is a
Mumbai-based healthcare startup operating 180 omnichannel stores and a
network of 200 micro-franchises.
“Zeno Health has demonstrated a
remarkable commitment to reshaping the healthcare landscape in India,”
said Derrick (Kihyun) Yun, Managing Director, STIC.
So far, Zeno
Health has served 25 lakh consumers, providing them savings of more than
Rs 700 crore in its short and impactful journey of six years, it said.
“In
the five years since we invested in Zeno, the company has created the
country's largest omnichannel pharmacy platform for quality and
affordable generic medicines,” said Sandeep Murthy, Founder and Managing
Director, Lightbox.
