Ayurveda tech platform NirogStreet has raised $2 million in Pre-Series A funding led by Wavemaker Partners and Amand Ventures. Existing investor Spiral Ventures has also participated in this round.
NirogStreet is a Gurugram based technology-led Ayurveda platform founded in 2016 by Ram N Kumar. It has enabled over 60,000 Ayurvedic doctors to adopt evidence-based treatment in Ayurveda using its NirogStreet for Ayurveda doctor’s mobile application.
Ram N Kumar, Founder, NirogStreet, said, “As a B2B2C technology-enabled and doctor-led platform, we are consistently streamlining the supply chain of Ayurvedic services and medicine, transforming it into a proper healthcare system by engaging and empowering Ayurveda doctors and clinics to create an experience that patients can trust.”
Paul Santos, Managing Partner of Wavemaker Partners added, “Ayurvedic medicine is one of the world’s oldest holistic (“whole-body”) healing systems. It was developed more than 3,000 years ago in India. Ayurveda has provided relief and treatment for chronic conditions for thousands of years. However, it is plagued by non-standardised doctors and medicines. This leads to low trust and satisfaction among patients. NirogStreet has been doing some groundbreaking work in mainstreaming Ayurveda discipline not just in India but across the globe by strengthening the trustworthy Ayurveda practitioner fraternity in India and nurturing the sustainable healthcare ecosystem by capacity and knowledge building. We’re proud to back Ram and his team at NirogStreet.”
NirogStreet will utilise the capital for deeper penetration, strengthen technology platform, and digitise the supply chain. The funds acquired by the company would also be dedicated to strengthening its reach and offering to the Ayurveda doctors by providing an engaging technology platform.
Ram N Kumar, Founder, NirogStreet added, ““The recent investment will be employed to strengthen the technology platform and strengthen the supply chain to ensure delivery of quality medicines to Ayurveda doctors and clinics.”