On Tuesday, healthtech platform Zeno Health announced that it successfully secured $25 million in its Series C funding round, led by Korean private equity investor STIC Investments. This round also saw significant participation from existing investor Lightbox.
The funding infusion is earmarked to bolster Zeno Health's outreach efforts, expand its market presence, and fortify its technological infrastructure. Siddharth Gadia, CEO and Co-founder of Zeno Health, reiterated the company's commitment to reaching and serving 1 crore consumers monthly, with the ambitious goal of slashing healthcare expenditure by 50 percent.
Established in 2017 by IIT Bombay alumni Gadia and Girish Agarwal, Zeno Health is headquartered in Mumbai and operates 180 omnichannel stores alongside a network of 200 micro-franchises.
Derrick (Kihyun) Yun, Managing Director at STIC, commended Zeno Health for its dedication to reshaping the healthcare landscape in India.
To date, Zeno Health has catered to 25 lakh consumers, generating savings exceeding Rs 700 crore in its impactful six-year journey.
Sandeep Murthy, Founder and Managing Director of Lightbox, praised Zeno Health's accomplishments, highlighting its position as the country's leading omnichannel pharmacy platform for quality and affordable generic medicines since Lightbox's initial investment five years ago.
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