Today we're announcing that
@VersionOneVC is leading a $4.5M Pre-Series A in Rio Health, a quick-commerce pharmacy delivering meds across Delhi NCR in 20-30 minutes.
30K+ orders/month from 3 dark stores, ~80% repeat. Now scaling to 15+.
Pharmacy is the purest quick-commerce use case and the hardest to get right: 20,000 SKUs, pharmacist checks, zero tolerance for substitutions. Rio Health founders Ankur and Amit sweat every one of those details.
As the son of two pharmacists, this one is personal.
Full blog post in the comments.