Predict your next investment

Angel Investor (Individual)

See what CB Insights has to offer

Investments

5

About Farooq Oomerbhoy

Farooq is a Managing Partner at FAO Ventures, which encompasses a Private Portfolio of Startups, Startup Advisory, Commodity (namely Food & Agricultural) Trading and Real Estate Investment. He was also the Representative of Indian Angel Network, India's largest Angel Investment group, where he helped set up the base for its Mumbai operations. Prior to this Farooq was the Team Lead Analyst at UBS Investment Bank for its Trading Operations for the Central European, Scandinavian and Emerging markets, handling a rollover of US$550 million and was also part of the strategy team of executing equity trades between UBS entities around the world. In both capacities as an Angel and a Member of IAN, Farooq sits as an Investor on companies like Druva, Taxspanner, Jigsee, Groffr, SignalChip & Polama, while Incubating and Mentoring 5 startups in his personal capacity. He is also significantly involved in the trading of Frozen Food & Agricultural & Food Ingredient commodities namely Poultry, Crude Palm Oil and varied Starch Products. He is passionate about working with startups and also interested in the development of entrepreneurship in India.

Farooq Oomerbhoy Headquarter Location

India

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Farooq Oomerbhoy News

Online Pharmacy Aggregator CareOnGo Raises $300K In Seed Funding Round

Jul 29, 2020

CareOnGo, a mobile chain of co-branded pharmacy stores, has raised $3,00,000 in its seed round from a consortium of investors, led by Farooq Oomerbhoy, one of the co-founders of the early stage fund – Orios Venture Partners. Along with Farooq, Raj Mishra of Indea Capital and Vineet Ganesh of Imperial India Investment has also participated in the round. The newly raised funding will be used to increase the number of co-branded stores across Delhi, Bangalore, Kolkata, and Hyderabad with expansion to Mumbai, Chennai and 11 more cities. ADVERTISEMENT Farooq Oomerbhoy said, “CareOnGo not only will help the existing pharmacies expand their reach, via technology, but also help them create a more accessible and an on-demand platform for procurement of authentic medicines benefitting the ecosystem as a whole.” Founded by Aditya Kandoi, Ritu Singh and Yogesh Agarwal, it was formed to disrupt the pharmaceutical sales & supply chain by bringing the fragmented micro-pharmacies under a single umbrella brand. It aims to become a centralised source of e-procurement by addressing the problem of authenticity and on demand inventory procurement for these pharmacies. The startup allows the users to buy medicines on their mobile from their neighborhood approved pharmacies while providing additional advantage of finding substitutes, ordering generics, setting medicine reminders and archiving digital health records (prescriptions & invoices). By building a network of micro-pharmacies, CareOnGo links with the inventory system of these pharmacies and using its data algorithms, it is able analyze varied trends and purchase patterns to provide a procurement platform for the micro-pharmacies. Since its launch, the company has been growing at exponential rate and has established its position across many cities in India. The funding will be deployed primarily towards increasing the number of Co-branded stores to over 150 stores across the metro cities of Delhi, Bangalore, Kolkata, Hyderabad with expansion to Mumbai, Chennai and 11 more cities. Commenting about this, Yogesh Agarwal, Co-founder of the company said that the online pharmacy platform has witnessed tremendous response so far with a 95 per cent increase in their month on month sales. The company has also expanded their operations in terms of retail partners by increasing their footprint from 2 cities to eight cities in just over four months. Other similar startups in this segment include Pluss , 1mg, Pharmeasy, MyMedisyn, etc. Share this:

Farooq Oomerbhoy Investments

5 Investments

Farooq Oomerbhoy has made 5 investments. Their latest investment was in CareOnGo as part of their Angel - II on April 4, 2016.

CBI Logo

Farooq Oomerbhoy Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/27/2016

Angel - II

CareOnGo

No

5

2/18/2016

Angel

Subscribe to see more

$99M

Subscribe to see more

10

7/14/2015

Seed

Subscribe to see more

$99M

Subscribe to see more

10

7/5/2012

Angel

Subscribe to see more

Subscribe to see more

0

4/22/2012

Seed VC

Subscribe to see more

Subscribe to see more

0

Date

4/27/2016

2/18/2016

7/14/2015

7/5/2012

4/22/2012

Round

Angel - II

Angel

Seed

Angel

Seed VC

Company

CareOnGo

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$99M

$99M

New?

No

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

5

10

10

0

0

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.