Zeelab Pharmacy receives $2.4 million from OTP Ventures

Zeelab Pharmacy, an omni-channel healthcare brand, has raised $2.4 million in its maiden funding round, the company said in a statement today, January 22.

The funding round was led by OTP Ventures.

Zeelab Pharmacy plans to use the funding for its expansion plans, focusing on augmenting its retail footprint, enhancing its delivery capabilities, and consolidating its position as a frontrunner in India's rapidly evolving healthcare landscape.

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This capital infusion will also empower Zeelab Pharmacy to accelerate its growth initiatives, prioritising the expansion of its retail network, development of 60-minute delivery capabilities across metro and non-metro cities, and cementing its position as a leader in the Indian healthcare sector.

Zeelab Pharmacy claims to have a network of over 225 stores and processing over 1500 orders daily. The company has also recently appointed renowned actor Randeep Hooda as its brand ambassador.

Zeelab Pharmacy's mission is 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.