Varco Leg Care secures Rs 2 Crore in bridge funding
- ByStartupStory | November 6, 2023
Healthtech firm Varco Leg Care has successfully raised Rs 2 crore in a bridge funding round, with Neeraj Garg leading the investment, accompanied by other investors. The capital injection will be directed towards key areas, including talent acquisition, expanding the retail footprint, improving treatment adherence, advancing research and development efforts, and enhancing customer retention initiatives, as per Varco Leg Care’s press release.
Established in 2022 by Anondeep Ganguly, Varco Leg Care specializes in addressing a range of leg-related ailments, including spider veins, varicose veins, diabetic foot conditions, and restless leg syndrome. The company employs cutting-edge plant molecule technology, incorporating both topical agents and capsules to deliver highly effective treatments.
Varco Leg Care’s strategic plans involve building a comprehensive portfolio of leg care products, aiming to solidify its presence in the US market through collaborations with leading marketplaces and expanding into new markets such as the GCC countries.
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The Delhi-based company proudly reports serving over 300,000 customers, establishing a presence in over 1,500 pharmacies across Mumbai, Bengaluru, and Delhi, and achieving a net revenue exceeding $1 million. The company has set ambitious targets, aspiring for a 10-fold increase in its monthly recurring revenue (MRR).
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