India, Sept. 3 -- Online pharmacy PlatinumRx, which positions itself as a substitute medicine delivery platform, has raised $6 Mn (nearly INR 53 Cr) as part of its Series A round led by Stellaris Venture Partners. The round also saw participation from existing investor India Quotient.

The epharmacy plans to utilise the fresh capital to scale up its operations, add more fulfillment centres and enhance its supply chain. In a statement, the startup also said that a chunk of the capital will also be deployed to build "strong teams" across product and tech, and strengthen brand presence.

The company is targetting over a million customers in the next 12 months through five new fulfillment centres and by strengthening its sourcing efficiencies...