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Thursday, April 18, 2024

Zeno Health, a healthtech firm, gets $25 million

<p>On Tuesday, the Korean private equity firm STIC Investments led the $25 million Series C investment round that the healthtech platform Zeno Health said it had completed.</p>
<p><img decoding=”async” class=”alignnone wp-image-455981″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-zeno-health-a-healthtech-firm-gets-25-million-img-5545-750×500.png” alt=”theindiaprint.com zeno health a healthtech firm gets 25 million img 5545″ width=”994″ height=”664″ title=”Zeno Health, a healthtech firm, gets $25 million 21″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-zeno-health-a-healthtech-firm-gets-25-million-img-5545-750×500.png 750w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-zeno-health-a-healthtech-firm-gets-25-million-img-5545-1024×683.png 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-zeno-health-a-healthtech-firm-gets-25-million-img-5545-768×512.png 768w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-zeno-health-a-healthtech-firm-gets-25-million-img-5545-150×100.png 150w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-zeno-health-a-healthtech-firm-gets-25-million-img-5545.png 1200w” sizes=”(max-width: 994px) 100vw, 994px” /></p>
<p>Another big player in the round was Lightbox, an existing investment in Zeno Health.</p>
<p>The business said that it plans to utilize the money to grow its customer base, widen its geographic reach, and improve its technology infrastructure.</p>
<p>Siddharth Gadia, CEO and co-founder of Zeno Health, said, “The company remains steadfast in its mission to reach and serve 1 crore consumers monthly, aspiring to reduce the healthcare expenditure by 50%.”</p>
<p>Zeno Health is a healthcare firm located in Mumbai that was founded in 2017 by Gadia and Girish Agarwal, who were graduates of IIT Bombay. The company has 180 omnichannel storefronts and 200 micro-franchises.</p>
<p>Derrick (Kihyun) Yun, Managing Director, STIC, said, “Zeno Health has demonstrated a remarkable commitment to reshaping the healthcare landscape in India.”</p>
<p>In its short but significant six-year journey, Zeno Health has so far serviced 25 lakh customers, offering them savings of more than Rs 700 crore, it added.</p>
<p>Sandeep Murthy, Founder and Managing Director of Lightbox, said, “In the five years since we invested in Zeno, the company has created the country’s largest omnichannel pharmacy platform for quality and affordable generic medicines.”</p>

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