Biotech Startup MicroGO, has raised Rs 6 crore in Pre-Series A funding round from angel investors in Kolkata. The firm did not disclose the names of the investors.
The company plans to use the funds to strengthen its sales and marketing activities for its product that addresses water, sanitation and hygiene challenges.
The Chennai-based MicroGo was founded in 2016 by Rachna Dave, It is a R&D-based manufacturing company focusing on the problems around ‘Safe & Save’ in Water, Food and Sanitation.
The biotech firm aims to provide its customers with 360° sanitation and infection control solutions through innovative technologies that deliver real science and provide profitability and environmental sustainability.
“What we are building in this space is very significant, since hygiene and infection control practices are looked upon as an expenditure and thus, not given its due attention. Additionally, non-scientific practices are adding both AMR (anti-microbial resistance) as well environmental burden on the nation. All of which shall impact the basic needs of humankind; i.e., food, water and health,” said, Rachna Dave, founder and CEO of MicroGO.
The company has patent platforms that have been granted patent in 90 days- one of the fastest patents in India.
The vision of the biotech firm has always been in line with the needs of this market and COVID-19 has further reinforced the need to accelerate the adoption of hygiene management across the globe.
Recently it has launched GOassure MAX, an IoT enabled solution that automates hand hygiene, ensures compliance monitoring and saves water and other operating costs.
MicroGo is backed by organizations including international agencies like DST, DBT-BIRAC, NASSCOM and Bill & Melinda Gates Foundation.
It has a team of over 35 members skilled in the areas of microbiology, biotechnology, materials science and engineering.
The company has clients including Airports Authority of India, Indian Army, IHCL (TAJ and Vivanta), IRCTC, Waycool, BigBasket, Chettinaad Hospital and Apollo Hospital, among others.
Speaking on the occasion, the investor leading the round said, “MicroGO has developed disruptive smart solutions and has implemented digital hygiene practises. We have been following MicroGO`s work right from the COVID-19 onset wherein, they contributed immensely to the nation even when their team was very small. We are delighted to support a visionary entrepreneur like Rachna, her venture, her team and their vision to break the perception of hygiene practices being an expenditure and turn it into an investment.”
They provide Safe, Assured and Sustainable Hygiene and Infection Control Solutions.