Ayurveda startup NirogStreet raises INR 100 Crores
NirogStreet, an Ayurveda startup, raised INR 100 Crores in a Series B funding round led by Jungle Ventures. NirogStreet Founder and CEO Ram N Kumar said, “This new fundraise will help us strengthen our supply chain, service offerings, and tech that will help us realize the vision we are working to achieve.”
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.”
Ram Kumar founded NirogStreet in 2016. The technology platform helps doctors to smoothly run the supply chain of Ayurvedic services and medicine. NirogStreet enables doctors to provide better healthcare and medical services to patients. It offers services like doctor prescriptions and peer-to-peer learning from Ayurvedic doctors eliminating the need for instructors.
“NirogStreet is transforming the entire Ayurveda value chain by infusing trust, quality, access, and scale to the industry. Ram and his team are building an industry-first Ayurveda ecosystem with their unique community-first, knowledge and commerce approach that transcends from ingredients to consumers,” said Anurag Srivastava, Founding Partner at Jungle Ventures, in a statement.
Investors such as Spiral Ventures, ICMG Co-Creation Fund and angel investors such as DoorDash’s Gokul Rajaram and Japanese bank SMBC’s APAC co-head Rajeev Kannan and the family office of Anthony Weldon also participated in the round. The company raised $4 million in December last year in a round led by CE Ventures, the corporate venture capital platform of Crescent Enterprises and ICMG.
(Edited by Rajeev Pillai)