Company Name : Pluss
Funding Amount : $1 million
Investor(s) IDG Ventures m &s partners. Powerhouse Ventures.
Funding Round : Pre-Series A
Gurgaon based Pluss, an on-demand medicine and healthcare products delivery service has raised $1 million in Pre-Series A funding. The round was led by IDG Ventures India, Singapore based m & s partners and USA based Powerhouse Ventures.
The funding amount will be used to upgrade its technology and technical team, perform aggressive marketing, expand across 5 cities and pilot new projects.
Pluss was founded in 2015 by Atit Jain, Madhulika Pandey and Tarun Lawadia. Through their own fleet of delivery executives, Pluss ensures fulfilling the orders on time. The team comprises of licensed pharmacists and trained delivery executives.
Atit Jain, CEO of Pluss, said, “We at Pluss prioritize all our activities towards delivering healthcare to our customers in the fastest, easiest and most reliable way possible.. With the help of this funding, we will expand our presence across 5 cities by the end of this year.”
The company claims that the app subscriber base has grown more than 50% month on month and has tripled in the last 3 months. The app order volume has grown 4 times since September with a peak traffic of 500 orders per day.
By the end of this year it plans to add more product categories including Medical Tests and Surgical Equipment.