Bangladeshi healthtech startup, Arogga, has successfully raised $5.5 million in a seed funding round. The funding was led by The Venture Collective, a prominent US-based venture capital firm, with enthusiastic participation from a host of international investors. Arogga’s achievement in securing this significant investment comes on the heels of its earlier fundraising efforts, where it raised $1.5 million in the preceding year.
International Backing for a Local Initiative
This funding round witnessed the participation of esteemed international venture capital firms, including Blue Collective from the United States, Iterative from Singapore, and Stella Maris Partners from Mexico. The United Kingdom’s Ratios Ventures, Spain’s Sketchnote Partners, and Singapore’s Epic Angels also joined hands to support Arogga’s mission. Notably, the funding round saw the involvement of the highly regarded European angel investor, Alex Rittweger. Additionally, local Bangladeshi investors, namely IDLC Finance and Startup Bangladesh Limited, extended their support to Arogga.
A Vision for Enhanced Healthcare
Founded in December 2020 by a visionary team comprising Rosina Mazumder (CEO), Fahad Hossain (COO), Shamim Hasan (CTO), and Yawar Mehboob (CFO), Arogga has set forth an ambitious vision. The startup aims to utilize technology to bring about a transformative change in the healthcare landscape of Bangladesh. The recent funding infusion will serve as a catalyst for Arogga’s expansion plans, allowing it to deepen its operations within the country.
Nurturing Trust and Innovation
Rosina Mazumder, Co-founder and CEO of Arogga, emphasized the company’s unwavering commitment to excellence. She stated, “We are focused on building our product on the best technology, with the best operations and in-house logistics and brilliant customer care.” Arogga’s top priority remains increasing its footprint in Dhaka while also extending its reach to two other major cities by the second quarter of 2024.
Arogga’s Impressive Impact
As highlighted in the official press release, Arogga has already made significant strides in Bangladesh. Currently, the startup serves a substantial user base of over 600,000 individuals in the country. The platform offers access to an extensive catalog comprising more than 32,000 medicines and healthcare products, sourced from over 500 renowned manufacturers.
Expanding Healthcare Services
In its relentless pursuit of innovation and excellence, Arogga is poised to introduce a home lab testing service in November. This strategic move aligns with the startup’s overarching goal of delivering holistic healthcare solutions to the people of Bangladesh.
- Bangladeshi health tech startup Arogga secures $5.5 million in seed funding.
- Funding round led by The Venture Collective, with participation from international investors.
- Arogga aims to revolutionize healthcare in Bangladesh using technology.
- The startup serves over 600,000 users with a vast catalog of medicines and healthcare products.
- Expansion plans include reaching two other major cities by Q2 2024 and launching a home lab testing service in November.
- Investor confidence reflects Arogga’s vision and commitment to healthcare innovation.
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