Health-tech company Varco Leg Care has raised a bridge funding round of Rs 2 crore led by Neeraj Garg along with participation of other investors.
The company plans to channel the funds towards acquisition of top talent, expanding retail presence, enhancing treatment adherence, R&D efforts and elevating customer retention efforts, Varco Leg Care said in a press release.
Founded in 2022 by Anondeep Ganguly, Varco Leg Care is specifically developed to tackle various leg disorders, including spider veins, varicose veins, diabetic foot, and restless leg syndrome, among others. It utilises advanced plant molecule technology that not only uses topical agents, but also capsules, which will provide optimal treatment effectiveness.
According to Varco Leg Care, it is developing a comprehensive leg care product’s portfolio to strengthen its position across the US market through strategic partnerships with leading marketplaces, as well as to expand to new markets such as GCC countries.
The Delhi-based company asserts that it has served over 3 lakh customers, expanded presence to over 1,500 pharmacies across Mumbai, Bengaluru and Delhi and recorded a net revenue of over $1 million. The company aims to achieve 10x growth in its monthly recurring revenue (MRR).