Mumbai-based healthcare start-up Zeno Health, which announced plans to raise $25 million in a series C funding round in February, has acquired Calcutta-based medicine distribution start-up Tablt Pharmacy for an undisclosed sum.

Tablt operates through 300 franchises across Bengal, Bihar, Jharkhand and Odisha, providing last mile medicine supply services in underserved markets in these states.

Backed by South Korean private equity firm STIC Investments and Indian venture capital firm Lightbox, Zeno Health has around 180 omnichannel stores offering generic and branded medicines.

The company, founded in 2017 by IIT Bombay alumnis Siddharth Gadia and Girish Agarwal, has generated Rs 700 crore savings for its 25 lakh consumers in the last 6 years.

“Our aim is to serve more than 1 crore customers every month and we also hope to reduce healthcare expenditure by 50 per cent. Thus our merger with Tablt will expedite our journey to rural and semi-urban areas, addressing the immense need for generic medicine,” said Girish Agarwal, co-founder of Zeno Health.

“We operate in metro cities through our omnichannel presence. We feel that with the unique model of Tablt, we will be able to expand our reach into those markets,” said Siddharth Gadia, co-founder and CEO, Zeno Health.

Over the next 3 years, the start-up aims to expand its stores from 180 to 500 and the number of community partners from 300 to 2000.