Online Pharmacy TABLT Raises $3M In Series A Funding Round
TABLT, a Bharat focussed online pharmacy, has raised $3 million in a Series A round from Siti Cable, a unit of Siti Network.
As per the startup, it will use the capital for boosting its business development activities and driving its growth plans. The startup will also use the funding for upscaling its marketing strategies to have a competitive edge and maintain its leading position in the market.
Previously known as Sabse Sasta Dukaan, TABLT is a Bharat focussed online pharmacy dealing in medicines and healthcare products.
TABLT is known for its USP of one-day delivery of medicines in the Bharat Market. The online pharmacy startup provides services in semi-Urban and rural areas of Bihar, Jharkhand, West Bengal, and Odisha.
Speaking about the development, Anish Agarwal, CEO at TABLT, said,
“We are elated to have associated with Siti Group and thank them for believing in our vision. We will be utilising the investment to bolster our expansion plans and improve our business acquisition and development activities so as to ensure that we are always at the forefront of the industry in the markets that we are present in or are planning to foray into.”
The startup stated that it is already in discussions with some industry giants and confirmed that it plans to raise an additional amount of Rs 20 crores in the next three months.
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