NirogStreet, a Gurugram based Ayurveda tech startup (1), has secured 2 million USD in its Pre-Series A funding round. Wavemaker Partners and Amand Ventures led the latest fundraise of the platform. Moreover, the company also observed its existing investor, Spiral Ventures, participation in the fundraising.
Notably, The company will use the fresh tranche to increase its penetration, enhance its technology platform, and digitize its supply chain. It would also ramp up its reach and offering to the Ayurveda physicians by providing an engaging technology platform.
As per the statement of the company, it is building a world-class certified network of Ayurvedic clinics. They would deliver world-class services to the patients, even in the challenging medical environment.
NirogStreet to Streamline Ayurvedic Services and Medicine to Transfer Healthcare System
The founder of NirogStreet, Ram N Kumar, commented on the latest development stated that the startup is a B2B2C tech-enabled and doctor-led platform. Hence, the team is continually streamlining the Ayurvedic services and medicine supply chain. The move would transform the healthcare system by engaging and empowering Ayurveda doctors and clinics.
Kumar added that it is essential to offer an experience so that patients can trust the ayurvedic doctors. The fresh tranche would ramp up the technology platforms and the supply chain to deliver quality medicines to Ayurveda doctors and clinics.
The company claims that NirogStreet is getting a massive response from people with deep pockets because only 30% of the doctors on the platform belong to Tier-I cities. Reaming doctors are either from Tier II or III cities.
At present, the company is offering services to more than 50,000 doctors on its peer to peer learning, ecommerce platform, and patient engagement. By 2022, NIrogStreet is aiming to expand over 5000 clinics from its network of 200 certified Ayurvedic clinics at present. Moreover, the brand is also planning for worldwide expansion because of the increasing demand and adoption of Ayurveda.