- The corporate delivers throughout 20,000+ pincodes and has served over 2 lakh sufferers since its launch
- Funding to spice up operations by including achievement facilities, constructing core groups, and strengthening the provision chain and model presence.
Bengaluru, September 3, 2025: PlatinumRx, a web based pharmacy making high quality medicines inexpensive for power sufferers, has raised $6 million in a Sequence A spherical led by Stellaris Enterprise Companions, with participation from present investor India Quotient.
The recent capital can be used to scale operations by including achievement facilities, constructing robust groups throughout product and tech, and strengthening the provision chain and model presence.
Medicines are the only largest out-of-pocket healthcare expense in India, with greater than 70 crore individuals struggling or skipping therapy as a consequence of prices. Regardless of India being the “pharmacy of the world”, affordability and entry stays a significant problem.
Almost all medicines in India are technically generics, however 85% are bought as branded generics with 3-6x markups due to distribution inefficiencies and leakages.
Based by Ashutosh Pandey and Piyush Kumar, PlatinumRx is making high quality medicines accessible to tens of millions of Indians in a clear, secure, and dependable approach.
The platform helps clients discover substitute manufacturers of medicines with 100% similar salt composition by a strict quality-check course of. By sourcing immediately from massive pharma corporations, PlatinumRx ensures financial savings of 50-60% for sufferers with out compromising on belief or high quality.
“PlatinumRx was born out of a easy perception: high quality medicines shouldn’t be a luxurious. Center-income power sufferers in India usually spend ₹2,000-₹5,000 each month on lifelong therapy for diabetes, hypertension, or different power circumstances, and the monetary burden is insufferable,” mentioned Ashutosh Pandey, Co-founder of PlatinumRx.
“By providing a large assortment of inexpensive substitutes with high quality assurance, constant availability, and doorstep supply, we’re dedicated to creating healthcare accessible to all.”
Since its launch in 2024, PlatinumRx has already served over 2 lakh sufferers and sees a number of the greatest repeat buy charges pushed by its superior worth proposition of 50-60% price financial savings and belief in high quality. The corporate delivers throughout 20,000+ pincodes with one-day supply in metros and 3-5 days supply nationwide.
Piyush Kumar, Co-founder, PlatinumRx mentioned, “At PlatinumRx, we’re targeted on serving to clients save on important medicines.
Over the following 12–18 months, we goal to serve over 1,000,000 clients by increasing our attain with 5 new achievement facilities, enhancing the client expertise by AI-driven personalization, and strengthening sourcing efficiencies to ship even better worth.”
“The power illness burden in India is rising, and so is the price of remedy. With rising consciousness and adoption of inexpensive substitutes amongst power sufferers, PlatinumRx has an enormous alternative forward.
With a compelling worth proposition and powerful execution muscle, the crew is nicely positioned to develop into the go-to platform for inexpensive medicines in India,” mentioned Naman Lahoty, Accomplice, Stellaris Enterprise Companions.
About PlatinumRx
PlatinumRx is a web based pharmacy making power medicines inexpensive and accessible for tens of millions of Indians. By sourcing immediately from massive pharma corporations and providing just one quality-checked various model per salt, PlatinumRx delivers belief, transparency, and ease in medication purchases.
With supply throughout 20,000+ pin codes, best-in-class fill charges, and financial savings of fifty–60%, the corporate is redefining how India consumes generics.
Based in 2024 by Ashutosh Pandey and Piyush Kumar, PlatinumRx has already helped over 2 lakh sufferers save on important medicines. For extra data, go to platinumrx.in
About Stellaris Enterprise Companions:
Stellaris Enterprise Companions is an early-stage enterprise capital agency targeted on backing Indian founders constructing for Indian and international markets. With a crew of former entrepreneurs and enterprise builders, Stellaris is devoted to serving to founders on the earliest levels of firm formation construct sustainable, market-leading companies.
Stellaris manages over $600 million in belongings and is at present investing from its third fund of $300 million. Stellaris has constructed a portfolio of greater than 40 corporations throughout SaaS, Shopper, Monetary Providers, B2B Commerce, Training, Mobility and Healthcare.
Stellaris portfolio corporations which might be market leaders of their areas embrace Mamaearth, Whatfix, Propelld, Turno, Dashtoon and Kiwi, amongst others. For extra data, go to stellarisvp.com.
Disclaimer:- This story has not been edited by SugerMint employees and offered by the company. SugerMint won’t be accountable in any approach for the content material of this story.
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