Varco Leg Care Secures $500K in Seed Funding, Doubling Valuation in 10 Months

• ByStartupStory     |    April 17, 2024

Varco Leg Care, a pioneering digital-native consumer healthcare brand dedicated to leg health management, has announced the successful closure of a seed funding round, raising a cumulative of US$ 0.5 Million (over INR 4.5 Cr). This latest investment, led by Sunicon Maiden Fund, marks a significant milestone for Varco, doubling its valuation within just 10 months.

The infusion of capital will empower Varco Leg Care to bolster its research and development (R&D) efforts, enhance marketing strategies, and expand its offline presence. Anondeep Ganguly, CEO of Varco Leg Care, expressed his elation at the vote of confidence from Sunicon Maiden Fund, highlighting, “We are elated to announce our seed fundraise led by Sunicon Maiden Fund, signifying their strong vote of confidence in Varco’s groundbreaking approach to leg health management. This capital infusion serves as a major milestone in our growth journey; it not just propels us in boosting our customer base, supply chain and offline visibility, but will also be playing a pivotal role in advancing our steadfast commitment to presenting robust clinical evidence-based research and solutions. We are not only emphasizing and focusing on extensive clinical trials, but also leveraging a pioneering low-friction technology to establish and validate that evidence. Going ahead, as we grow and scale exponentially and remain committed to delivering superlative leg health solutions, we shall continue placing the needs of our valued customers at the heart of our R&D initiatives”.

Varco Leg Care has experienced remarkable growth, with a staggering 110 per cent increase in revenue over the past year, attributed largely to its flagship low friction self-care technology. This technology enables users to actively self-diagnose their leg health, receive personalized recommendations, and improve treatment adherence.

Saloni Jain, Founding Partner of Sunicon Ventures, commended Varco’s mission to revolutionize leg care and reshape healthcare accessibility and outcomes in India by sharing, “We are proud to back Varco Leg Care, India’s first digital-native consumer healthcare brand revolutionizing leg care. With a team boasting 30 years of research and a strong IP portfolio, Varco is set to transform diabetic foot and varicose vein treatment. We at Sunicon are excited to support Varco’s mission in reshaping healthcare accessibility and outcomes across India”.

Since its inception in 2022, Varco Leg Care has served over 5 lakh customers and expanded its presence to 3000+ medical stores across major Indian cities. Its products have gained traction internationally, with availability in retail outlets like Walmart USA and online platforms including Amazon, Flipkart, and 1MG.

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