Online pharmacy PlatinumRx raises $6-M from Stellaris, India Quotient

PlatinumRx , a Bengaluru-based online pharmacy, has raised USD 6 million (nearly INR 53 crore) as part of its Series A funding round led by Stellaris Venture Partners with participation from existing investor India Quotient.The proceeds from the fresh issue will be used to scale up operations, add more fulfilment centres and enhance supply chain. A portion of the capital will also be deployed to hire talent across product and technology and strengthen brand presence.Founded in 2023 by Piyush Kumar and Ashutosh Pandey, PlatinumRx helps consumers find the exact substitute medicine with the same generic composition.