Company Name : Inayo
Funding Amount : $300,000
Investor(s) Amit Ranjan (Founder, SlideShare) Kemark Ventures. Zishaan Hayath (Cofounder, Toppr.com).
Funding Round : Seed round
On demand Healthcare Marketplace Inayo raises $300,000 in seed funding.
The investors who participated in the round are Amit Ranjan (Founder, SlideShare); Kemark Ventures; Zishaan Hayath (Cofounder, Toppr.com) and others.
Inayo is a mobile app platform aimed at simplifying medication and healthcare. Its services are available in Powai and Andheri in Mumbai and offers delivery of products within 90 minutes of order.
“Health product market is expected to grow at a CAGR of 15% and touch $ 158.2bn by 2017. We have over 30,000 products spread across various categories such as medicines, patanjali, sports nutrition, personal care products and baby care products. The funding raised will be used in expansion of Inayo in 22 localities in Mumbai, Delhi, Bengaluru as well as for enhancing the product features. We also plan to process 100 orders per day by October end”, said Raunak Jain, Co-Founder, Inayo.
To order prescription drugs, a user can upload a scanned copy or photograph of a valid prescription on the app. Once the prescription has been verified, the order will be processed.