NirogStreet, an Ayurveda firm, earns $12M in a Series B investment sponsored by Jungle Ventures
- ByStartupStory | November 18, 2022
NirogStreet, an ayurvedic business based in Delhi, has raised $12 million in a Series B fundraising round that was co-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 investments from Anthony Weldon’s family office. The company will invest the money in enhancing its technology, service offerings, and supply chain.
NirogStreet, a company founded in 2016 by Ram Kumar N, uses technology to provide several services, such as digital health record management, peer-to-peer learning for over 50,000 Ayurvedic doctors, and smart clinics.
“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. In a round managed by CE Ventures, the corporate venture capital platform of Crescent Enterprises and ICMG, the company raised $4 million in December last year. Anuj Srivastava, the CEO of Livspace, and Gokul Rajaram, a member of the boards of Coinbase and Pinterest, had also taken part in the round.
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