New buyers JPIN Enterprise Catalysts UK and Livspace founder Ramakant Sharma in addition to present buyers Enterprise Catalysts and AngelList additionally participated within the fundraising.
The Pune-based startup will use the recent capital for product growth, engineering and to construct its go-to-market groups. It plans to develop its headcount to 100 from the present 30 over the subsequent ten months.
Based in 2016 by Talha Shaikh and Ashok Yadav, Biddano pivoted to the business-to-business mannequin in late 2018. The corporate now connects native distributors with pharmacies and fulfills orders in underneath three hours. It makes use of a plug-and-expand mannequin to assist distributors handle their demand and provide whereas increasing their geographical attain.
The startup operates in 10 cities and works with 20,000 chemists. It plans to scale to greater than 100,000 pharmacies within the subsequent twelve months. It’s working in direction of changing into a one-stop supply-chain resolution for all healthcare merchandise.
“Our mission is to empower pharmacies and distributors to create a stronger, sturdy, and extra environment friendly ecosystem for healthcare shoppers,” Yadav mentioned.
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Biddano’s tech platform simplifies order administration for chemists and hospitals by enabling orders from a number of distributors to be simply consolidated into pharmacy-specific deliveries. Biddano’s platform helps pharmacies with “just-in-time” procurement options by means of its digital stock app.
The startup works with over 150 authorised distributors, who type its paid buyer base.
“I’ve been extraordinarily impressed with Biddano’s mission to construct a stronger healthcare ecosystem for India,” mentioned Gokul Rajaram. “I’m excited to associate with Talha, Ashok and all the Biddano workforce on their journey to construct a number one healthcare provide chain platform, and strongly imagine they are going to revolutionise the healthcare companies and pharma industries.”