B2B e-distribution 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, Co-Founder 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, Co-Founder 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.
Source: The Economic Times
