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Health tech startup Zeno Health has announced the successful completion of a US$25 million Series C funding round. The round was led by South Korean private equity investor STIC Investments. Existing investor Lightbox also participated in this round.
The funds raised will be used by Zeno Health to expand its consumer base and footprint, and strengthen its technology infrastructure.
The startup previously raised $12.1 million as part of an expanded Series A round led by Lightbox, Toy Ventures, Whiteboard Capital, Singularity Ventures and others.
Siddharth Gadia, CEO and co-founder of Zeno Health, said, “This investment, coupled with continued commitment from Lightbox, supports our mission to make quality health care affordable for all. “It means we support you and we remain steadfast in our mission to achieve our goals.” We aim to seamlessly serve 1 billion consumers and reduce healthcare costs by 50 percent. ”
Founded in 2017 by IIT Bombay graduates Siddharth Gadia and Girish Agarwal, ZenoHealth offers medicines with guaranteed savings.
Zeno Health, formerly known as Generico, claims to operate a network of 180 omnichannel stores and 200 micro-franchises. With a team of more than 530 pharmacists, we sell prescription medicines for chronic and recurrent conditions, as well as non-prescription medicines for general health, well-being and personal care. So far, this startup has served 25 million consumers.
Derrick (Kihyun) Yoon, Managing Director of STIC, said, “Xeno Health has demonstrated an incredible commitment to reshaping India’s healthcare landscape. Their vision aligns with our values. I look forward to contributing to their efforts to make quality health care more accessible.” all over India. ”
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