Pluss raises $1 mn in pre-Series A funding

Pluss, an on-demand medicine and healthcare products delivery service start-up, has raised $1 million in pre-Series A funding from IDG Ventures India, m & s partners (Singapore) and Powerhouse Ventures (USA), reported Business Standard.

The Gurgaon-based company plans to use the funds to upgrade its technology and technical team, perform aggressive marketing, and establish a presence in five cities and pilot new projects.

Pluss was founded this year by Atit Jain, Madhulika Pandey and Tarun Lawadia to ensure timely delivery of medicines at the customer’s doorstep.

The country’s largely unorganised healthcare industry, which is worth billions of dollars, has witnessed emergence of startups trying to solve the issues revolving around healthcare, right from availability of good doctors to timely treatment.

Speaking on the occasion, CEO Atit Jain said, “Pharmacy retail is highly dis-organised in India. The technology platform lends itself with an audit trail and will be better placed to meet the compliances as they evolve.”

(With inputs from Agencies)

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