STIC Investments led a $25m Series C round in Zeno Health.

STIC Investments, a Korean private equity firm, led a $25m Series C round in Zeno Health, a generic medicine-focussed pharmacies chain operator, with participation from Lightbox Ventures. “In the last 18 months, Zeno Health has managed to both improve its gross margins by focusing on helping people buy medicines that it brands, as well as scale the network of pharmacies. It demonstrates that it is a business that is actually going to be profitable, which allows it to attract capital," Sandeep Murthy, Lightbox Ventures Founding Partner.