[Update] Exclusive: Quick Pharma Startup Plazza In Talks To Raise $6 Mn From Z47
Plazza was reportedly in talks to raise $6 Mn from Z47, but the startup's cofounder later denied these discussions.Summary
Bengaluru-based quick medicine delivery platform Plazza was initially reported to be in discussions to raise approximately $6 million in a fresh funding round led by Z47 Partners, with participation from existing investors All In Capital and Better Capital. Sources indicated the funds would be used to expand operations and establish more dark stores within Bengaluru. However, hours after the story was published, Plazza cofounder Aman Priyadarshi stated that the startup was not currently in talks to raise capital. Founded in 2024 by Aman Priyadarshi and Aniruddha Sen, Plazza delivers medicines within 60 minutes in select Bengaluru pincodes, partnering with licensed pharmacies and operating a Lifestore in Yemalur. The company offers over 20,000 SKUs and competes with established players like Tata 1mg and Apollo Pharmacy. The quick commerce industry in India is experiencing rapid growth, projected to reach $40 billion by 2030, and Plazza aims to capitalize on this expanding market.
(Source：Inc42)