B2B healthcare supply chain platform, Biddano has raised $2 million in a new round led by Gokul Rajaram, board member at Coinbase and Pinterest.
New investors JPIN Venture Catalysts Uk and Livspace founder Ramakant Sharma along with existing backers Ventures Catalysts and AngelList have also participated.
According to the Pune-based startup, the funds will be used for product development, engineering and to build its go-to-market teams. It plans to grow headcount to 100 from the current 30 over the upcoming ten months.
Founded by Talha Shaikh and Ashok Yadav, Biddano simplifies order management for chemists and hospitals by enabling orders from multiple distributors to be easily consolidated into pharmacy-specific deliveries.
The startup claims to have its operations in 10 cities and works with over 20,000 chemists. It plans to scale to over 100,000 pharmacies in the next twelve months.