Indian quick medicine delivery startup Plazza has raised $15 million in its Series A funding round co-led by Accel, Elevation Capital and Nexus Venture Partners, per a company announcement.
The funding also saw participation from existing investors All In Capital and Better Capital, the startup said in a statement.
The fresh capital will be used to strengthen Plazza’s technology platform, deepen its AI-driven inventory and assortment intelligence, build operational capabilities, and expand its pharmacy network into new geographies.
Founded by Aman Priyadarshi in 2024, Plazza operates a pharmacy-first quick commerce platform that promises medicine deliveries within 15-30 minutes. Unlike conventional e-pharmacies, the company is building neighbourhood pharmacy stores with deep inventory and AI-powered inventory planning to improve medicine availability.
According to the company, its stores stock more than 40,000 stock-keeping units. The company claimed that this inventory depth helps it achieve prescription fill rates of more than 95% compared with an industry average of 50% to 60%
Plazza’s gross merchandise value (GMV) grew nearly 27x between June 2025 and March 2026.
The latest funding round comes roughly 10 months after the Bengaluru-based startup raised $1.4 million in a seed round led by All In Capital. The round also saw participation from Better Capital, Tracxn founder Abhishek Goyal, Vivekananda Hallekere, the Singhania family office, and the promoters of JK Tyre.
