06. September.2021 – Biddano, a Healthcare supply chain platform announced that it rasied USD 2 Million in a pre-Series A1 round. This funding round was led by existing and new investors like JPIN, AngelList, Venture Catalysts UK, and Gokul Rajaram and some others. 

Biddano will utilize this investment to scale its footprints in new market, innovation product and product development.

Investors such as Ramakant Sharma and Anuj Srivastava, Co-founders of Livspace, also backed the startup in the round.

About Biddano – 

Biddano was founded by Talha Shaikh and Ashok Yadav in 2016. It aids to bridge supply chain gaps between chemists and distributors with its platform which is powered by  full-stack technology. 

Biddano’s platform uses a ‘plug and expands’ model to aid distributors manage their supply and demand, when they’re scaling.

Right now, Biddano serves 20,000+ pharmacies and plans to scale to more than a lakh customers in the next 1 year.

“I am excited to partner with Talha, Ashok, and the entire Biddano team on their journey to build the leading healthcare supply chain platform, and strongly believe they will revolutionise the healthcare services and pharma industries,” said Gokul Rajaram, product and business helper at DoorDash, who also advises and helps startups scale.

Biddano stated it will use the capital raised to also bolster its product, go-to-market teams, engineering and hire across various roles. It aims to grow its workforce to 100, over the time period of next ten months, from the current member count of 30.

“There are more than two lakh SKUs (stock-keeping units) in the pharma and OTC category. A small pharmacy store doesn’t have to stock every SKU. Instead, they can place an order through Biddano and get it delivered in less than three hours,” said Talha, Co-founder of the Pune-based startup.

Biddano stated that it is targetting more than 10 per cent of all pharmacies in India in few months from now.

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