Bangladesh online pharmacy Arogga has raised $200,000 in seed funding that the start-up will use to scale, invest in more tech talent and expand operations.
The health tech said in a statement on Tuesday (May 25) the funding comes from new angel investors and follow-on investment from Dubai-based Falcon Network.
Notably, six female angels invested in Arogga in this round, including founder of Epic Angels Maaike Doyer, barrister Dr. Adeeba Khan, and ed-tech entrepreneur and investor Hester Spiegel-van den Steenhoven.
Arogga tackles the twin problems of medicines affordability and availability by giving users the ability to upload prescriptions, offering them cashback incentives and free delivery of medicines.
The company started at the beginning of 2020 and in December of the same year re-launched its app under new CEO and co-founder Rosina Mazumder. It has seen a 60% average month-on-month growth since then, according to Mazumder on Tuesday.
The app has been downloaded over 70,000 times and the start-up has delivered over 30,000 medicines, according to co-founder and COO Fahad Hossain.
The latest funding takes total investment in Arogga to $250,000.
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