Healthcare logistics player Biddano raises Rs.17-Cr from Coinbase, others

Pune-based healthcare logistics platform Biddano has raised INR 17 crore in a funding round led by Coinbase Ventures and angel investor Gokul Rajaram. New investors JPIN, Venture Catalysts UK, Anuj Srivastava and Ramakant Sharma, and existing investors Venture Catalysts and AngelList also participated in the pre-Series A1 funding round. The company provides technology to pharma distribution networks to manage supply chain gaps between distributors and chemists. Biddano is said to serve more than 20,000 pharmacies at present and plans to scale it to over 100,000 in the next 12 months.