TechnologyRio Health raises $4.5 million to expand its Delhi NCR pharmacy network
Inc42 reports that Version One Ventures led the pre-Series A round. Rio Health plans to add 12 dark stores across Delhi NCR and upgrade its ordering, inventory and delivery technology.
TLDR
Rio Health has raised $4.5 million in a pre-Series A round led by Version One Ventures, with existing investors Xeed Ventures, Good Capital and Amplify also participating, Inc42 reports. The funding will support 12 more dark stores across Delhi NCR and technology upgrades. Inc42 says the startup delivers medicines and healthcare essentials within 20–30 minutes through an AI-enabled ordering system that processes text, voice or prescription images. It handles 30,000-plus orders a month, and Rio Health claims nearly 80% of its orders come from repeat customers.
