Venture Catalysts, others invest $500,000 as seed funding in dermatology consultation platform Remedico

Must Read

Jharkhand polls for 81 constituencies from November 30 to December 20; counting on 23rd December

Addressing a press meeting today, Chief Election Commissioner Sunil Arora has announced the poll dates for Jharkhand Legislative assembly....

Congress forms six-member committee of AICC to review situation of NRC in Assam

In a bid to review the condition of Assam state after the implementation of the NRC exercise, Congress party...

Shiv Sena elects Eknath Shinde as party’s legislative leader; Sunil Prabhu appointed as chief whip of party

In a striking breakthrough, Shiv Sena elected senior minister Eknath Shinde as the party's legislative leader today. It has...

Remedico, a mobile-based healthcare platform, which provides consultation for skin problems, has bagged $500,000 (approx INR 3 crore) as seed funding from Venture Catalysts, reported Yourstory.

While, other participants, who took part in the round include a US-based investment advisors, Vida Ventures, and several angel investors including Anshumani Ruddra (VP of product at Hotstar, and Rohini Pandhi (startup advisor and angel investor).

Apoorv Ranjan Sharma, president and co-founder, Venture Catalysts said, “Skin & hair care in India is approximately a $7 Bn industry, and will grow more than $10 Bn in valuation over the next 2-3 years, with a projected 20-25% online penetration.”

Remedico was founded by Ranjit Bhatia in 2017. The platform deals with dematological problems and provides an end-to-end mobile consultation for millennials.

While, Bhatia expressed that the fresh round of investment has validated the Remedico’s belief in the need and viability of the company’s core proposition.

“From app-based consultation to developing a robust product ecosystem, we have an exciting vision with Remedico that will benefit from investors such as Venture Catalysts and Parkview, not only in terms of capital but also the expertise and mentorship they provide,” Bhatia added.

Whereas, Sharma further said that in the current landscape, Remedico’s mature product and service offering and a strong technology-driven infrastructure places it in good stead to lead this market.

Besides Remedico, other healthtech startups under radar include Ovi, PractoNetmedsmChemistMeddDeliMediCareOnGo, and MediDali.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

President’s rule in Maha constitutional: Amit Shah

New Delhi, Nov 13 (IANS) BJP President Amit Shah has finally broken his silence over the ongoing power tussle...

SpiceJet’s Q2 total net loss widens to over Rs 462 cr

Mumbai, Nov 13 (IANS) Airliner SpiceJet's 2019-20 second quarter total net loss has widened to Rs 462.6 crore on account of grounding of Boeing...

Food prices spike Oct retail inflation to 4.62% (Roundup)

New Delhi, Nov 13 (IANS) A substantial rise in food prices lifted India's October retail inflation to 4.62 per cent from 3.99 per cent...

Amaravati Startup Project was not feasible, says Andhra

Amaravati, Nov 13 (IANS) Under attack from the Opposition and various quarters for terminating Amaravati Capital City Startup Project to be developed by a...

Migrants to benefit from relaxed Aadhaar norms

New Delhi, Nov 13 (IANS) The government has amended rules that will allow citizens to use their Aadhaar number for know-your-customer (KYC) requirements even...
- Advertisement -

More Articles Like This