Funding profile · Indian e-pharmacy

Digi-Prex

One $5.5 million seed round in September 2019 and nothing announced since. The only US securities filing on record belongs to an $82,500 syndicate vehicle, not to the company itself.

$5.5MSeed announced Sep 20, 2019, led by Khosla Ventures
$82,500Sold by the Globevestor SPV to 19 investors, the only Form D on record
INR 6.30 CrPaid up capital of the operating company, of INR 12.00 crore authorised
$15.2MRaised by Good Health Company, the same founder’s second venture

Data as of September 24, 2026. Company-reported figures are labeled.

Rounds at a glance

When Round Amount Investors Source
Aug 2019 Y Combinator Summer 2019 $150,000 Y Combinator Reported
Sep 4, 2019 Globevestor Digi-Prex Fund I, single company SPV $82,500 of $82,500 19 accredited investors, managed by Globevestor Fund Management, LLC Form D
Sep 20, 2019 Seed $5.5M Khosla Ventures (lead), Vedanta Capital, Y Combinator, Quiet Capital, SV Angel, Liquid2 Ventures, Soma Capital, PioneerFund, Justin Mateen Independent
Jun 2, 2021 Good Health Clinic seed, separate company $5.2M Khosla Ventures, Quiet Capital, W Health Ventures, Weekend Fund Company release
Oct 12, 2022 Good Health Company Series A, separate company $10M Left Lane Capital (lead), Khosla Ventures, Quiet Capital, Weekend Fund Independent
2023 to 2026 No further Digi-Prex round None reported None Not found

What the filings show

Globevestor Digi-Prex Fund I, a series of Globevestor Funds, LLC · Form D · filed Apr 10, 2020

First sale
Sep 4, 2019
Type
Pooled venture capital fund, Delaware LLC formed 2019
Offered
$82,500
Sold
$82,500 · $0 remaining
Investors
19, all accredited · average about $4,342 · minimum $2,200
Fees
Sales commissions $0 · finders fees $0
Exemptions
Rule 506(b) · Investment Company Act 3(c)(1)
Related persons
Globevestor Fund Management, LLC (manager); Globevestor, Inc.; Penumetcha Narasimha Raju (president); Ankur Shrivastava (vice president)
Filing
SEC EDGAR, CIK 0001804057

Ricaria Support Services Private Limited · Indian registry record · updated Aug 15, 2026

CIN
U74999TG2018PTC124771
Incorporated
May 28, 2018
Status
Active
Authorised
INR 12.00 crore
Paid up
INR 6.30 crore
Charges
None registered
Directors
Sharada Pinisetty (DIN 07976694); Samarth Sindhi (DIN 07971051), also shown as shareholder
Office
Banjara Hills, Hyderabad, Telangana 500034

Reading the filings

  1. The only Form D on record is not the company’s.Digi-Prex has never filed under its own name. The single filing that names it comes from a Delaware series LLC formed to invest in it. An Indian company raising from US funds has no general SEC filing duty, so the absence proves nothing, but it does mean the $5.5 million figure rests on press reporting alone.
  2. The syndicate cheques were small.$82,500 across 19 investors is about $4,342 each, against a stated minimum of $2,200. That is an angel syndicate pooling into a venture round. Sales commissions and finders fees were both zero.
  3. The SPV closed before the news broke.Its first sale was September 4, 2019, sixteen days before the round was announced. The notice itself was not filed until April 10, 2020, 219 days after that sale.
  4. The registry shows an unlevered company.Ricaria is Active with INR 6.30 crore paid up of INR 12.00 crore authorised and no registered charges, so no secured lender has filed against its assets. Paid up share capital records the face value of shares issued, not what investors paid, so it is not a proxy for money raised.
  5. Revenue depends on which service you open.Tofler puts operating revenue in the INR 1 crore to 100 crore band for the year to March 2022. Tracxn puts the same entity at 0 to INR 10 crore as of March 2025. The Company Check reports $18.74 million as of March 2023. All three claim to read MCA filings.
  6. The follow-on capital went elsewhere.Khosla Ventures and Quiet Capital, both seed investors here, backed Good Health Clinic in 2021 and its 2022 Series A. That company has raised $15.2 million against Digi-Prex’s $5.5 million, selling wellness products rather than the prescription medicine the unnotified e-pharmacy rules would govern.

Commercial signals

Signal Detail Source type
Regulatory Draft e-pharmacy rules of Aug 28, 2018 are still unnotified and the Delhi High Court’s Dec 2018 order against unlicensed online sale stands. Twenty e-pharmacies were served show cause notices in Feb 2023. Digi-Prex was not among those named. Public record
Licensing No Telangana drug licence under any of the company names found in public reporting. Not found
Associated entity Sarosa Medtech Private Limited, CIN U74999TG2019PTC132368, incorporated Apr 2019, listed as associated with Digi-Prex and as Strike off. Public record
Headcount Y Combinator lists 32 and Active. Tracxn lists 26 as of Aug 2026 and Ricaria at 5 as of Mar 2023. The Company Check lists 7 as of Mar 2024. Sources disagree
Web presence digi-prex.com served its subscription page on Sep 24, 2026. The rakshahealth.com address cited in 2021 did not resolve. Public record
Market Redseer data reported by the Economic Times put Tata 1mg at 31 percent of e-pharmacy gross merchandise value in Sep 2023 and PharmEasy at 15 percent. Independent

What to watch

  • Any Form D or Indian allotment filing showing a round after 2019.
  • Financial statements for Ricaria Support Services after March 2022, which would settle the revenue question.
  • Notification of the e-pharmacy rules, which would turn licensing into a filing anyone can check.
  • Whether Good Health Company absorbs the pharmacy or the two stay separate.

The Digi-Prex story on Healthcare DiscoveryHealthcare Discovery

Related companies

  • Cairns Health: Shared investor: Quiet Capital. A voice controlled care companion, Luna, that watches over older adults at home using radar instead of cameras
  • NimbleRx: Shared investor: Sv Angel. Nimble began as a licensed dispensing pharmacy with its own stores, shut them in early 2019, and rebuilt itself as the software layer sold to the independent pharmacies
  • Legion Health: Shared investor: Soma Capital. An AI native psychiatry clinic holding the second agreement Utah has ever signed to let software authorize a prescription renewal
  • Modern Fertility: Shared investor: Sv Angel. A finger prick hormone panel sold to women who were not trying to conceive

Sources

  1. Public recordForm D, Globevestor Digi-Prex Fund I, CIK 0001804057SEC EDGAR · Apr 10, 2020
  2. Public recordRicaria Support Services Private Limited, CIN U74999TG2018PTC124771Tofler · Aug 15, 2026
  3. Public recordDigi-Prex associated legal entitiesTracxn · Sep 24, 2026
  4. Public recordDraft Rules on Sale of Drugs by E-PharmaciesPress Information Bureau · Jun 25, 2019
  5. IndependentAn Indian startup that uses WhatsApp raises $5.5M seed roundTechCrunch · Sep 20, 2019
  6. IndependentDigi-Prex raises $5.5 M from Khosla Ventures at YC Demo DayYourStory · Sep 23, 2019
  7. IndependentGood Health Company raises $10 million led by Left Lane CapitalMoneycontrol · Oct 12, 2022
  8. IndependentTwenty e-pharmacies served notice for violating drug rulesMoneycontrol · Feb 10, 2023
  9. Independent1mg overtakes PharmEasy in market shareThe Economic Times · Nov 16, 2023
  10. IndependentDigi-Prex company profile, revenue and employee figuresThe Company Check · Sep 24, 2026
  11. CompanyGood Health Clinic raises USD 5.2 Million seed roundANI via Business Standard · Jun 2, 2021
  12. CompanyDigi-Prex company page, Summer 2019, ActiveY Combinator · Sep 24, 2026

Compiled from SEC and Indian Ministry of Corporate Affairs public records and published reports as of September 24, 2026. Form D notices report offerings under Regulation D; amounts reflect the filing date and may not capture later sales. Indian registry figures are drawn from services that republish MCA filings. Healthcare Venture Capital Fund holds no position in Digi-Prex. This page is not an offer to sell or a recommendation to buy any security.