Gate News message, April 17 — Plazza, a Bengaluru-based e-pharmacy startup founded in 2024 by former Zomato executive Aman Priyadarshi, is in talks to raise between $12 million and $15 million in funding.
The round is expected to come from Accel, Nexus Venture Partners, and Elevation Capital at a valuation of approximately $45 million to $50 million. Existing investors All In Capital and Better Capital are also expected to participate. This will be Plazza’s second funding round following a $1.4 million raise in September 2025.
Plazza plans to deploy the funds to expand its store footprint from two locations in Bengaluru to approximately 20 by year-end. The company operates through a franchise model called “Lifestores,” partnering with existing pharmacies and providing inventory management, software, hiring support, and customer acquisition services while sharing profits with partner stores.
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