Careongo raises $300,000; IAN invests in UK-based Ascema
Careongo will use the funding to increase the number of co-branded stores to over 150 stores
Careongo Technology Pvt Ltd, an app-based pharmacy aggregator, on Thursday said it had raised $300,000 in a seed round of funding from a group of investors led by Farooq Oomerbhoy, who was the co-founder of early stage venture capital fund Orios Venture Partners. Raj Mishra of Indea Capital and Vineet Ganesh of Imperial India Investment also participated in the round. The funding will be used to increase the number of co-branded stores to over 150 stores.