Online pharmacy PlatinumRx, raises $6 million Series A

PlatinumRx, an online pharmacy for substitute medicines, raised $6M Series A led by Stellaris Venture Partners with India Quotient. Founded by Piyush Kumar and Ashutosh Pandey, it will expand operations, add fulfillment centers, and strengthen its supply chain. Serving 200K customers across 20,000+ pin codes, PlatinumRx targets 1M users by offering affordable substitutes, competing with Tata 1mg and Truemeds in India’s growing epharmacy market.