Zeelab Pharmacy Raises $2.4M to Expand Affordable Healthcare Across India
Zeelab Pharmacy, an emerging force in India’s healthcare sector, has announced a successful $2.4 million fundraising round led by OTP Ventures. This milestone marks a significant step forward for the company as it continues to make quality healthcare accessible and affordable for millions of Indians.
Since its inception in 2019, Zeelab Pharmacy has positioned itself as a disruptor in the pharmaceutical industry by offering high-quality generic medicines at drastically reduced costs. Founded by Rohit Mukul, the company has steadily expanded its reach, gaining recognition for its commitment to bridging the gap between healthcare accessibility and affordability. Its mission to empower India’s pharmaceutical landscape aligns with the broader goal of ensuring essential healthcare is within reach for every citizen.
The fresh capital infusion is set to fuel Zeelab’s ambitious expansion strategy. The company plans to strengthen its retail presence by adding to its impressive network of 225 stores. Additionally, it aims to enhance its delivery capabilities, promising 60-minute delivery services across metro and non-metro cities alike. These advancements are poised to transform the pharmacy landscape in India, where accessibility to timely and affordable medicines remains a challenge for many.
Funding Alert – Zeelab Pharmacy
Zeelab’s business model has gained traction due to its unique value proposition: providing medicines at up to 90% lower costs compared to traditional pricing. This bold approach has not only attracted customers but also positioned Zeelab as a key player in reshaping the way Indians access healthcare essentials.
To further its reach and connect with a broader audience, Zeelab recently appointed Bollywood actor Randeep Hooda as its brand ambassador. Known for his authenticity and widespread appeal, Hooda brings a relatable and credible face to Zeelab’s mission. His involvement is expected to enhance brand awareness and underscore the company’s dedication to improving lives across the country.
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Currently processing over 1,500 orders daily, Zeelab Pharmacy has already demonstrated its operational efficiency and the viability of its model. Meanwhile, with the new funding, the company is poised to accelerate its growth initiatives, focusing on extending its retail footprint and leveraging technology to deliver unparalleled service.
Zeelab’s vision goes beyond being a pharmacy chain. It seeks to redefine healthcare standards by making medicines available at their true price. With its eyes set on becoming a leader in India’s healthcare ecosystem, Zeelab Pharmacy is charting a course toward a healthier, more equitable future.
