Rio Health Raises $4.5 Mn To Scale Its Quick Pharmacy Network

Pharmacy-focused quick commerce startup Rio Health has raised $4.5 Mn (around ₹43 Cr) in a pre-Series A funding round led by Version One Ventures. Existing investors Xeed Ventures, Good Capital and Amplify also participated in the all-equity round. The startup intends to use the fresh capital to expand its presence across Delhi NCR by setting up 12 more dark stores as well as strengthen its tech abilities across ordering, inventory and delivery operations.