Remedico raises Rs 4 crore in a bridge fundraising round

Bengaluru: Remedico, a health-technology startup that focuses on providing mobile and telemedicine-based dermatology solutions for millennials and Gen Z, has raised Rs 4 crore (around $548,589) in a bridge fundraising round.

The exercise in Bengaluru-based Remedico has been led by AWE (Achieving Women Equity) Funds, with participation from LetsVenture and other angel investors. Existing backers including Venture Catalysts and Parkview Investment Advisors also took part in the round.

Remedico, operated by Blackburn Technologies Pvt Ltd, was set up by Ranjit Bhatia. The company says it provides a full-stack healthcare solution, which includes digital consultations, ongoing treatment management, and branded skin and hair care products.

It will use the capital it has raised to accelerate the scaling-up of product and technology platforms, as well as expansion across the country.