Zeelab Pharmacy, a growing omni-channel healthcare brand, has raised $2.4 million (approximately Rs 20 crore) in its first funding round. The investment was exclusively led by OTP Ventures, with key partners Suhail Sameer, Kunal Suri, and Saurabh Vashishta playing a significant role.
Zeelab Pharmacy is committed to providing medicines at prices up to 90% lower than the market rate, making healthcare accessible to everyone. The funds will help the company grow its retail presence and enhance its delivery services, including the launch of 60-minute delivery options in metro and non-metro cities.
Retail and Delivery Network
With over 225 stores already operational and processing more than 1,500 online orders daily, Zeelab Pharmacy is poised to expand further. The company plans to use the funding to strengthen its retail network and build a faster, more efficient delivery system, ensuring affordable medicines reach more people across India.
Rohit Mukul, the founder of Zeelab Pharmacy, expressed excitement about the partnership with OTP Ventures. He said, “We are thrilled to collaborate with OTP Ventures, who share our vision of making healthcare affordable for every Indian. This funding will help us expand our reach, improve delivery infrastructure, and grow our omni-channel ecosystem. Together, we aim to create a more inclusive healthcare system where medicines are available at true prices.”
Vision of Affordable Healthcare
Zeelab Pharmacy has already achieved significant milestones, with a robust retail network and a growing online presence. Recently, the company appointed actor Randeep Hooda as its brand ambassador, highlighting its commitment to building trust and awareness among Indian consumers.
Zeelab Pharmacy secured $2.4 million funding from OTP Ventures to expand retail stores, enhance delivery, and provide affordable medicines across India. The ultimate goal of Zeelab Pharmacy is to create an India where everyone can afford quality healthcare. By offering medicines at drastically reduced prices and expanding its services, the company is taking significant steps toward transforming healthcare accessibility in the country.
