Ayurveda firm NirogStreet gets $12 mn shot in the arm from Singapore-based investor

Ayurveda firm NirogStreet gets $12 mn shot in the arm from Singapore-based investor

The company is streamlining the supply chain of Ayurvedic services and medicines ''to enable the doctors to deliver trusted healthcare and working towards making Ayurveda the first call of treatment''.

PTIUpdated: Saturday, November 19, 2022, 04:43 PM IST
article-image
Representative pic |

Ayurveda tech startup NirogStreet on Friday said it has raised USD 12 million (nearly Rs 100 crore) in a round led by Jungle Ventures.

The family office of investor Anthony Weldon has also come onboard as a new investor, while existing investors Spiral Ventures, ICMG Co-Creation Fund, DoorDash's Gokul Rajaram, SMBC APAC co-head Rajeev Kannan also participated in Series B funding round, the company said in a statement.

''This new fundraise will help us strengthen our supply chain, service offerings and tech that will help us realise the vision we are working to achieve,'' NirogStreet Founder and CEO Ram N Kumar said.

The company is streamlining the supply chain of Ayurvedic services and medicines ''to enable the doctors to deliver trusted healthcare and working towards making Ayurveda the first call of treatment'', he added.

NirogStreet claims to have over 50,000 Ayurvedic doctors in its community.

It has also created a knowledge sharing platform for the practitioners and a verified marketplace of Ayurvedic medicines from where doctors can directly order and fill prescriptions while staying on the platform, the company said.

RECENT STORIES

Tech Mahindra Q1 FY26 Net Profit Rises 33.9% To ₹1,140.6 Crore; Revenue Grows Marginally To...

Tech Mahindra Q1 FY26 Net Profit Rises 33.9% To ₹1,140.6 Crore; Revenue Grows Marginally To...

Govt Approves ₹20,000 Crore Investment Power For NTPC To Add 60 GW Green Energy By 2032

Govt Approves ₹20,000 Crore Investment Power For NTPC To Add 60 GW Green Energy By 2032

Telecom Operator MTNL Defaults On ₹8,585 Crore Loans to 7 PSU Banks

Telecom Operator MTNL Defaults On ₹8,585 Crore Loans to 7 PSU Banks

Realme 15 Pro 5G Camera Specifications Unveiled Ahead Of July 24 India Launch; 50-Megapixel Main...

Realme 15 Pro 5G Camera Specifications Unveiled Ahead Of July 24 India Launch; 50-Megapixel Main...

Govt Permits NLC India To Invest ₹7,000 Crore In Green Energy Arm NIRL To Accelerate Renewable...

Govt Permits NLC India To Invest ₹7,000 Crore In Green Energy Arm NIRL To Accelerate Renewable...