Pharmacy-focused quick commerce startup Rio Health has raised $4.5 million in a pre-Series A round led by Version One Ventures, with participation from Xeed Ventures, Good Capital and Amplify. The company plans to deploy the capital to add 12 dark stores across Delhi NCR, deepen its technology stack and push annual recurring revenue beyond Rs 150 crore over the next 9 to 12 months.
Rio Health Raises $4.5 Million to Expand Quick Medicine Delivery Network Across Delhi NCR
R
RDU Global Correspondent
Healthcare & Pharma Desk
Delhi NCR, India 4h ago•5 min read
Pharmacy-focused quick commerce startup Rio Health has raised $4.5 million in a pre-Series A round led by Version One Ventures, with participation from Xeed Ventures, Good Capital and Amplify. The company plans to deploy the capital to add 12 dark stores across Delhi NCR, deepen its technology stack and push annual recurring revenue beyond Rs 150 crore over the next 9 to 12 months.
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