Pre-Series A · Healthtech
Rio Health raises ₹43.08 crore Pre-Series A led by Version One Ventures
The medicine-delivery company plans to grow from three dark stores to more than 15 across Delhi NCR.
Capital for a larger local fulfilment network
Version One Ventures led Rio Health’s ₹43.08 crore pre-Series A, with existing investors Xeed Ventures, Good Capital and Amplify Partner participating. Reporting describes board approval of a compulsorily convertible preference-share allotment.
The company plans to expand across Delhi NCR, increasing its dark stores from three to more than 15. Investment in ordering, inventory and delivery technology will support that build-out from its existing base of more than 30,000 monthly orders.
Use of funds
Expand across Delhi NCR
Grow the network from three to more than 15 dark stores
Strengthen ordering, inventory and delivery technology
Funding history
Pre-Series A · This round₹430.8M