Arogga Closes the Seed Funding Round at US$5.5Mn
Newsletter
Arogga, a Dhaka-based healthtech startup, has secured an investment of US 5.5Mn in seed funding, led by US-based female-backed The Venture Collective (TVC). This adds to the US$1.5Mn funding raised last year and closes the seed funding round at US$5.5Mn, marking it as the largest seed round in the healthtech sector in Bangladesh. The funding round also witnessed support from various investors, including The Blue Collective, Iterative, Stella Maris Partners, and previous backers like Ratio Ventures, Sketchnote, Epic Angels, IDLC Finance, and Startup Bangladesh Limited. European angel investor Alex Rittweger and over 37 female angel investors across 8 countries have also contributed.
Established in 2019, Arogga's continuous aim is to transform the healthcare landscape in Bangladesh with its user-friendly platform for prescription uploads and reliable medicine deliveries. The startup offers a wide array of healthcare products and aims to become the premier healthcare services app in the country.
With this funding, Arogga plans to develop a comprehensive health superapp, expanding beyond online pharmacy services to include lab tests, doctor consultations, and health insurance. The support from female investors, like TVC and Epic Angels, underscores the startup's commitment to addressing health challenges for women, especially, in addition to the larger population. CEO Rosina Mazumder expressed gratitude for the institutional backing and the continued belief in their mission. This investment solidifies Arogga's position as a key player in Bangladesh's healthtech sector.