CareOnGo a delhi based startup has raised an undisclosed amount of Pre-Series A round funding from LetsVenture led by Farooq Oomerbhoy. Some of the angel investors were also part of the investment including Ravi Garikipati head of Flipkart’s ads business, Anupam Mittal and Anand Mittal of People Group, Singapore Angel Network, Vibhu Garg Co-founder of Unicommerce, and Konglo Ventures. Currently the app is operational in Delhi-NCR, Hyderabad, Bangalore and Kolkata.
CareOnGo was founded in 2015 by Aditya Kandoi, Yogesh Agarwal and Ritu Singh. The app is a channel for co-branded pharmacies, it provides users with certain facilities which includes buying medicine from their near by stores or finding a substitute for the same, setting reminders for medicine and saving their medical records.
Pharmalytics a proprietary analytical platform provided by CareOnGo helps the co-branded pharmacies to study their sale insights and run the business efficiently. The users have access to over 700 pharmacies through which they can buy prescribed and OTC medicines. CareOnGo faces competing from various online pharmacies portal such as NetMeds.com, 1mg, Practo. Recently Maverick Capital Ventures invested $15 Million in 1MG.
The number of startups entering in the field of healthcare have a huge potential with preventive and curative care offering. Experts say that hyperlocal delivery, healthtech, ecommerce, travel industry and foodtech are some of the exciting sectors.
Yogesh Agarwal Co-founder of CareOnGo said,
“The funds raised will be invested in research and further development of our technology offerings, with special focus on analytics product. We will further expand our B2B offerings by providing analytics, advance POS (point-of-sale) solutions and aggregating micro-pharmacies. The funds will also be used in research and further development of company’s technology offerings, with special focus on analytics product.”
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