Bangladeshi healthcare startup Arogga – আরোগ্য has raised $1.3 million in a recently closed seed round. The round was participated by Hyper, Ratio Ventures, Sketchnote Partners, SRB Ventures, IDLC, Demand Curve’s CEO Julian Shapiro, and other Silicon Valley super angels.
Hyper is a new kind of venture firm and founder program backed by industry-leading partners like Andreessen Horowitz and Sequoia Capital. The Hyper team is led by, Shahed Khan (CEO)- previously President and co-founder of Loom; Josh Buckley (GP)- Buckley Ventures, previously CEO of Product Hunt, CEO and founder of Mino Games and Malika Cantor (Partnerships) – previously Community and Programs at Sequoia and Google.
Shahed Khan, the co-founder of Hyper, said: “Arogga has a unique opportunity to significantly improve the pharmaceutical experience for patients in Bangladesh, leading to better treatment adherence and patient outcomes. While we’ve made investments in the South Asian region, we’re excited that Arogga is our first bet in the emerging Bangladeshi market because of our high conviction in the Co-founders with their ambitious vision.”
Rosina Mazumder reportedly said: “It feels incredible to be one of the select few companies in the Spring 22 Season to be funded by Hyper. It’s extra special for me and my team to be the first Bangladeshi start-up to be backed by the fund. Being part of the kick-off was quite intense, with a lot of networking and learning. The most valuable part was meeting and learning from the other start-up founders and partners at Andreessen and Sequoia. It was notably beneficial when discussing strategy with both Shahed and Josh, and I look forward to the program helping us scale strategically to the next level.”
Samad Miraly, Partner at IDLC VC Fund I, said: “We’re excited to support the growth of Arogga and health tech in Bangladesh. As a local institutional VC, we aim to unlock value for Arogga beyond capital in this financing round to help it grow into the important company we know it can become. We hope this is just the beginning with this exciting company and team.”
Co-founded by Fahad Hossain, Rosina Mazumder, Shamim Hassan, and Yawar Mehboob in 2020, Arogga is a medicine delivery app that ensures the delivery of authentic medicine supply directly from the manufacturers. The company has seen 30% MoM growth and 24 times growth of GMV in the first 12 months of its inception. So far, the company has raised $1.6 Mn to date.
For more updates, be with Markedium.