The Gurgaon-based medtech firm will use the capital for expansion, technology upgrade and aggressive marketing
Pluss, a Gurgaon-based on-demand medicine and healthcare products delivery startup, has raised US$1 million in pre-Series A round of funding from IDG Ventures India, with participation from Singapore-based m & s partners, and US-based Powerhouse Ventures.
The capital will be used for ramping up the team, aggressive marketing, expanding to new five cities and piloting new projects.
“We at Pluss prioritise all our activities towards delivering healthcare to our customers in the fastest, easiest and most reliable way possible. With the help of this funding, we will expand our presence across five cities by the end of this year,” said Co-founder and CEO Atit Jain.
The startup was incorporated in 2015 by Jain, Madhulika Pandey and Tarun Lawadia after witnessing the country’s largely unorganised healthcare industry
It has its own fleet of delivery executives to fulfil the orders on time. The team, comprising licensed pharmacists and trained delivery executives, is equipped to handle medicine properly and make sure that they are delivered with utmost care, it claims.
Pluss delivers products irrespective of one’s location and the store from where the medicines come from.
In addition to medicines, Pluss also deals in baby care, pet care, personal wellness and daily essential products as well.
The app available both on android and iOS.
By the end of this year, the company plans to add more to its product categories, including medical tests and surgical equipment.
As per the firm, the health products market is expected to grow at a CAGR of 15 per cent and touch US$158.2 billion in 2017.
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