CareOnGo Raises Funds in Pre-se­ries A

The Economic Times - - Disruption: Startups & Tech - Our Bureau

Ben­galuru: B2B edis­tri­bu­tion startup CareOnGo has raised an undis­closed amount in pre-se­ries A fund­ing round led by Fa­rooq Oomerb­hoy of FAO Ven­tures.

A con­sor­tium of in­vestors in­clud­ing Anu­pam Mit­tal and Anand Mit­tal of Peo­ple Group, head of Flip­kart’s ads busi­ness Ravi Garikipati, co­founder of Uni­com­merce Vibhu Garg, Sin­ga­pore An­gel Net­work and Kon­glo Ven­tures also par­tic­i­pated in the round. CareOnGo in­tends to use the funds to en­hance its tech­nol­ogy plat­form and ex­pand edis­tri­bu­tion setup. “The funds raised will be in­vested in re­search and fur­ther de­vel­op­ment of our tech­nol­ogy of­fer­ings, with spe­cial fo­cus on an­a­lyt­ics prod­uct,” said Yo­gesh Agar­wal, co­founder of CareOnGo. “We will fur­ther ex­pand our B2B of­fer­ings by pro­vid­ing an­a­lyt­ics, ad­vance POS (point-of-sale) so­lu­tions and ag­gre­gat­ing mi­cro-phar­ma­cies.”

The firm has built an an­a­lyt­ics plat­form called Phar­m­a­lyt­ics that helps th­ese phar­ma­cies to study sales and gain in­sights, so as to ef­fec­tively man­age in­ven­tory. It also helps them pro­file cus­tomers. The round also saw par­tic­i­pa­tion from the US, Sin­ga­pore and Mus­cat-based in­vestors.

Co to use the funds to en­hance its tech­nol­ogy plat­form and ex­pand edis­tri­bu­tion setup

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