India, Sept. 8 -- B2B pharma distribution startup Fundly.ai has raised $4 Mn (about Rs.38 Cr) in a pre-Series A funding round co-led by existing investor Accel and Multiply.

Former RBL Bank executive director Rajeev Ahuja and a group of undisclosed angel investors also participated in the round.

Separately, the startup secured $900K in venture debt from Alteria Capital. With the latest infusion, Fundly.ai's total funding has crossed $7 Mn.

The Mumbai-based startup plans to deepen its presence in its existing markets before entering new cities. It will also expand its transaction and SaaS infrastructure beyond its ongoing Pune pilot and bring more distributors onto the platform.

Fundly.ai is building payment and settlement infrastructu...