Mumbai-based health tech platform Zeno Health has successfully raised $25 million in its Series C funding round, with Korean private equity investor STIC Investments leading the investment. The funding round also saw significant participation from existing investor Lightbox. Zeno Health aims to utilize the funds to expand its consumer reach, enhance its footprint, and further strengthen its technological infrastructure.
About Zeno Health:
Founded in 2017 by IIT Bombay alumni Siddharth Gadia and Girish Agarwal, Zeno Health has rapidly emerged as a prominent player in the Indian healthcare startup landscape. Operating 180 omnichannel stores and a network of 200 micro-franchises, the company is dedicated to reshaping the healthcare landscape in India with a mission to serve 1 crore consumers monthly. Zeno Health envisions reducing healthcare expenditure by 50%, emphasizing accessibility and affordability.
Significant Funding Partners:
STIC Investments, a Korean private equity investor, took the lead in the Series C funding, underscoring its confidence in Zeno Health’s commitment to transforming healthcare in India. Existing investor Lightbox, a key participant in the round, reaffirms its support for the health tech platform’s vision.
Zeno Health’s ambitious plan involves leveraging the raised capital to reach and serve 1 crore consumers monthly. The funds will play a pivotal role in expanding the company’s footprint, making healthcare more accessible, and enhancing its technological capabilities.
In its impactful journey of six years, Zeno Health, under the leadership of CEO and Co-founder Siddharth Gadia, has served 25 lakh consumers. The platform has achieved significant milestones, providing savings of over Rs 700 crore to its users. Zeno Health’s commitment to quality and affordable healthcare has positioned it as a leader in the omnichannel pharmacy platform for generic medicines.
Industry Recognition:
Derrick (Kihyun) Yun, Managing Director of STIC, commended Zeno Health for its remarkable commitment to reshaping the healthcare landscape in India. Sandeep Murthy, Founder and Managing Director of Lightbox, highlighted Zeno Health’s achievement in creating the country’s largest omnichannel pharmacy platform.
Conclusion:
Zeno Health’s successful Series C funding round marks a significant milestone in its mission to revolutionize healthcare accessibility and affordability in India. With strong backing from investors like STIC Investments and Lightbox, the platform is well-positioned to expand its impact, serve more consumers, and contribute to reducing healthcare expenditure. As Zeno Health continues its journey, its commitment to providing quality and affordable healthcare remains at the forefront of its strategic vision.
