Zota Health Care Raises INR 350 Crore via QIP, Onboards MS Dhoni and Suniel Shetty as Brand Ambassadors

 “We are grateful for the trust and support shown by our investors. It is particularly encouraging to see several existing investors participate in the QIP, reaffirming their belief in our vision and growth plans,” he said.

The proceeds from the QIP will be used primarily to accelerate the nationwide expansion of generic pharmacy stores. Zota Health Care aims to open more than 5,000 generic pharmacy stores across India by March 2029, supported by the fresh capital and cash flows from its mature store network.

“As of now, we operate 1,373 Company-Owned Company-Operated (COCO) stores and 880 Franchisee-Owned Franchisee-Operated (FOFO) stores across the country. In addition, around 400 COCO stores are at various stages of development,” Mr. Zota said.

Zota Health Care has witnessed steady improvement in per-store revenues, driven by increasing consumer awareness and growing demand for affordable medicines. The company focuses on offering quality generic medicines at significantly lower prices compared to branded alternatives, making essential medicines more accessible to a wider population.

Website – https://www.zotahealthcare.com/