Ayurveda startup NirogStreet raises $12-M led by Jungle Ventures

Delhi-based ayurveda startup NirogStreet has raised USD 12 million in a Series B funding round led by Jungle Ventures. Existing investors Spiral Ventures, ICMG Co-Creation Fund and angel investors such as DoorDash's Gokul Rajaram and Japanese bank SMBC's APAC co-head Rajeev Kannan also participated in the round. The family office of investor Anthony Weldon has also invested in the round. The company will use the funds to strengthen its supply chain, service offerings and technology. Founded in 2016 by Ram Kumar N, NirogStreet offers a range of services including doctor prescriptions, peer-to-peer learning, digital health record management, and smart clinics. The company raised USD 4 million in December last year in a round led by CE Ventures (the corporate venture capital platform of Crescent Enterprises) and ICMG Ventures.