India, Nov. 12 -- Online pharmacy startup PlatinumRx is in talks to raise around $32 Mn (over Rs.300 Cr) in a funding round led by Belgium-based investment giant Sofina Ventures, as per sources familiar with the discussion. The proposed transaction is expected to value the Bengaluru-based startup somewhere in the range of $150-200 Mn (Rs.1,400-1,878 Cr).

The proposed investment comes around a year after the startup raised $6 Mn in its Series A round. Stellaris Venture Partners and India Quotient backed the startup in its Series A round. The startup had previously raised around $800K in a seed round in April 2024, also led by India Quotient.

Inc42 has reached out to the aforementioned investors to understand whether they will participate...