Bangladeshi medicine delivery startup Arogga has secured USD 200K seed funding from new angel investors, and follow-on investment from Dubai-based Falcon Network.
Zohaib Patel, a Managing Partner at Falcon Network, said, "Falcon Network is delighted to continue its commitment to Arogga in this round. We believe this latest funding round will help Arogga's strong management team to build on the company's impressive growth and cement its market leadership position in the pharmacy logistics space. Bangladesh is on the cusp of a new wave of technology-driven growth, and we are very proud to be early backers of several talented entrepreneurs in the country."
Rosina Mazumder, Co-Founder and CEO of Arogga, said, "Since launching in December 2020, we have seen a 60% average month-on-month growth, proving there is significant demand. Arogga offers genuine medicine directly from the manufacturers, conveniently delivered to your door."
Arogga won the Tech in Asia Pitch Competition in March, attracting investment from Singapore-based angel investors. Judges Gavin Teo, General Partner at Altara Ventures; Shiyan Koh, Managing Partner at Hustle Fund; and Shuyin Tang, Partner at Patamar Capital were impressed with CEO Rosina's pitch, crowning them the winner against five other startups.
Having raised a quarter of a million dollars to date, Arogga plans to use these funds to significantly scale by investing in more tech talent and operational expansion.