Hotline: 1800 102 2007
Hotline: 1800 102 2007
Oct, 30 2019

Dermatology consultation platform Remedico secures $500K in seed round

The Bengaluru-based company’s present focus is on dermatology, with its doctors treating conditions like acne, hair fall, and pigmentation. 

By News Editor
Dermatology consultation platform Remedico secures $500K in seed round

Remedico, the mobile-based dermatology consultation platform, has secured $500,000 in a seed round from Venture Catalysts, an integrated incubator and accelerator platform.

The round has also seen participation from other investors including US-based Parkview Investment Advisors, Vida Ventures, and several angel investors like Anshumani Ruddra (VP of Product at Hotstar, ex-VP of Product at Practo), and Rohini Pandhi (Product Lead at Square).

Dr. Apoorv Ranjan Sharma, President and Co-Founder, Venture Catalysts, said,  “Skin and hair care in India is approximately $7 billion industry, and will achieve more than $10 billion in valuation over the next two-three years, with a projected 20-25 percent online penetration. Given this landscape, Remedico’s mature product and service offering and strong technology-driven infrastructure places it in good stead to lead this market.”

Remedico was founded by Ranjit Bhatia in 2017. It is an end-to-end mobile healthcare company, allowing young people to solve their critical health problems, as they move through adolescence and early adulthood.

The Bengaluru-based company’s present focus is on dermatology, with its doctors treating conditions like acne, hair fall, and pigmentation. 

Ranjit Bhatia, Founder of Remedico, stated, “This investment has validated our belief in the need and viability of Remedico’s core proposition. From app-based consultation to developing a robust product ecosystem, we have an exciting vision with Remedico that will benefit from investors such as Venture Catalysts and Parkview, not only in terms of capital but also the expertise and mentorship they provide.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Fine Dine Restaurants
    About Us: YumYumTree is an authentic Middle East food brand popularly..
    Locations looking for expansion Andhra pradesh
    Establishment year 2006
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Car Wash / Ceramic Coating / Detailing
    ØCar detailing is the recession-proof business, as the demand for..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Bike Maintanance & Repair Services
    About Us: Speedforce under the banner of Multi Brand 2 Wheeler..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Vadodara Gujarat
  • Professional Education Coaching
    About Us: Praadis Institute of Education is an online educational portal..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities