NirogStreet, an ayurvedic business based in Delhi, has secured $12 million in a Series B fundraising round that was led by Jungle Ventures.
Existing investors Spiral Ventures, ICMG Co-Creation Fund, and angel investors including Gokul Rajaram of DoorDash and Rajeev Kannan of the Japanese bank SMBC also took part in the round. The round also includes investment from Anthony Weldon’s family office, as per reported by YourStory.
The company will invest the money in enhancing its technology, service offerings, and supply chain.
Read also – [Funding alert] Cityfurnish Raises USD 2.5 Mn in Debt Funding Round
“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.
Nirogstreet is a concept that was established in 2016 by Ram N. Kumar with the goal of making Ayurveda the first call of therapy for any condition.
Read also – [Funding alert] Vijya Fintech Raises $1 Mn in Angel Round
NirogStreet is a platform that leverages technology to provide a variety of services, such as the maintenance of digital health records, the dispensing of doctor prescriptions, community education for more than 50,000 Ayurvedic practitioners, and smart clinics.
A novel idea in the Ayurvedic healthcare ecosystem is NirogStreet. They are a significant organisation working to make Ayurveda people’s first line of treatment. Additionally, they are working together with different professionals, organisations, and specialists to host discussion forums, digital webinars, and CMEs (Continual Medical Education).