Ayurveda Startup NirogStreet raises $4 million in Pre-Series B round of funding
- ByTejika Bajaj | December 25, 2021
Ayurveda based online platform NirogStreet revealed that it has raised $4 million in its pre-series B funding round from UAE-based CE Ventures and Japan’s ICMG Partners.
The pre-series B funding round also witnessed participation from Gokul Rajaram, board member at Coinbase and Pinterest; Wavemaker partners, Samir Kumar; Rajeev Kannan, Management Executive officer at Sumitomo, Singapore; Suresh Vasudevan, CEO of Sysdig USA; Ramakant Sharma, Co-founder of Livspace, Andy Hwang, Ex Google Executive and Ashutosh Sinha, former CEO at Morgan Stanley among others.
Expressing his views post the pre-series B round of funding, the Founder and CEO of NirogStreet, Ram N Kumar said, “We are confident that our continuous efforts in mainstreaming Ayurveda have started mainstream conversations, rebuilt perceptions and reassured on the fact that this most effective and ancient medicine science is a gift from India for the world.”
The recently infused funds would be utilized by the Ayurveda startup for reinforcing service and product offerings of the startup along with strengthening its existing operations.
Tushar Singhvi, Deputy CEO and Head of Investments, Crescent Enterprises commented, “We are excited to embark on this journey with Nirogstreet. The company has demonstrated the immense value and opportunity within the Ayurveda market, which is projected to reach $9.5 billion by 2024, as well as the limitless possibilities that tech-enabled solutions can offer.”
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