Delhi-based healthcare startup Zeelab Pharmacy has raised $2.4 million (approximately ₹21.7 crore) in its first funding round, led by OTP Ventures. The company plans to use the funds to expand its retail footprint and enhance its 60-minute medicine delivery service across both metro and non-metro cities.
Founded in 2020 by Rohit Mukul, Zeelab Pharmacy operates through a network of over 2,500 stores to source medicines, focusing on making healthcare more accessible and convenient. The company has ambitious plans to scale its operations further, particularly in Tier-II cities.
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“This investment will be a key driver for our growth strategy, allowing us to strengthen our retail presence, improve delivery infrastructure, and solidify our omnichannel model. We are confident that this partnership will help us build a more inclusive and accessible healthcare ecosystem in India,” Mukul stated.
Zeelab competes with established players like PharmEasy, Medkart, Apollo Pharmacy, and Netmeds in the highly competitive healthcare and pharmacy sector.
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The healthcare space has seen significant activity recently. Just days ago, four cofounders of online pharmacy giant PharmEasy — Dharmil Sheth, Dhaval Shah, Hardik Dedhia, and Harsh Parekh — stepped down from their executive roles. Meanwhile, in August last year, healthcare financing startup HealthCRED raised $1.2 million in seed funding, co-led by Antler India, TRTL VC, and iSeedVC.
Zeelab’s efforts to expand its services and innovate in the healthcare delivery space position it as a notable player in this growing market, particularly as demand for quick and efficient access to medicines continues to rise.
