Zeelab Pharmacy Secures $2.4 Million in First Funding Round
Omni-channel healthcare brand Zeelab Pharmacy has successfully raised $2.4 million in its initial funding round, spearheaded by OTP Ventures. The newly acquired funds will focus on:
- Expanding retail presence
- Enhancing delivery capabilities
Founded in 2019 by Rohit Mukul, Zeelab Pharmacy is dedicated to providing affordable and high-quality generic medicines and various healthcare products. The brand aims to:
- Provide essential healthcare access
- Make quality healthcare affordable for all citizens in India
- Empower the Indian pharmaceutical industry
Recently, Zeelab appointed Bollywood actor Randeep Hooda as its brand ambassador. The company plans to deliver medicines at prices 90% lower than traditional market rates, striving to create an environment where every citizen has access to medicines at their rightful prices.
With over 225 stores in its network and processing more than 1,500 orders daily, Zeelab is positioned for significant growth. The brand plans to:
- Accelerate expansion efforts in its retail network
- Develop 60-minute delivery services across metropolitan and non-metropolitan areas
- Strengthen its status as a leader in the Indian healthcare market