Healthtech company Varco Leg Care raised Rs 2 Cr in Bridge funding round
With the help of additional investors, Neeraj Garg led a bridge funding round of Rs 2 crore for the health tech startup Varco Leg Care.
According to a press release from Varco Leg Care, the company intends to use the money for R&D, treatment adherence, retail presence expansion, top talent acquisition, and customer retention initiatives.
Varco Leg Care was established in 2022 by Anondeep Ganguly with the express purpose of treating leg conditions such as varicose veins, spider veins, diabetic foot, and restless leg syndrome, to name a few. It makes use of cutting-edge plant molecule technology that delivers the best possible treatment efficacy by using both topical agents and capsules.
Varco Leg Care claims that in addition to expanding into new markets like the GCC countries, it is building a comprehensive product portfolio to strengthen its position in the US market through strategic partnerships with leading marketplaces.
The company, which is based in Delhi, claims to have served more than 3 lakh customers, grown to over 1,500 pharmacies in Delhi, Mumbai, and Bengaluru, and generated over $1 million in net revenue. The company wants to grow its monthly recurring revenue (MRR) by a factor of ten.
