Online pharmacy PlatinumRx in talks to raise $32-M led by Sofina

Bengaluru-based PlatinumRx is in talks to raise USD 32-M in a funding round led by Belgium-based investment firm Sofina, at an enterprise valuation between USD 150-M and USD 200-M.Founded in 2023 by Ashutosh Pandey and Piyush Kumar, PlatinumRx operates an online pharmacy platform that helps consumers identify affordable substitutes for prescribed medicines, with the same generic composition, to provide lower-cost options for recurring and chronic medication needs.The company plans to use the new funds to strengthen its supply chain, expand its fulfilment capabilities, add five new fulfilment centres, and build its product and technology teams.