Dec 22, 2022

NirogStreet raises $12 million in a series B funding round led by Jungle Ventures. The other participants in the rounds were existing investors Spiral Ventures, ICMG Co-Creation Fund and angel investors such as DoorDash’s Gokul Rajaram and Japanese bank SMBC’s APAC co-head Rajeev Kannan. It was founded in 2016 by Ram Kumar N.   The family office of investor Anthony Weldon is also an investor in the round. The funds will be utilised to strengthen its supply chain, service offerings and technology. The startup uses tech to offer a range of services including doctor prescriptions, peer-to-peer learning for over 50,000 Ayurvedic doctors, digital health record management, and smart clinics. According to the media reports Anurag Srivastava from Jungle Ventures mentioned that Nirog street is transforming the entire Ayurveda value chain by infusing trust, quality, access and scale to the industry. He also highlighted that the team is building an industry-first Ayurveda ecosystem with their unique community-first, knowledge and commerce approach. The company raised $4 million in December last year in a round led by CE Ventures, the corporate venture capital platform of Crescent Enterprises and ICMG.