NirogStreet
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NirogStreet - overview
Established
2016
Location
New Delhi, -, India
Primary Industry
Healthcare IT
About
Established in 2016 and based in New Delhi, India, by its CEO Ram N Kumar, Hinirog Healthtech Private Limited, trading under the name NirogStreet, operates an online platform for patients seeking services from doctors who practice Ayurveda, a natural system of medicine that originated in India. In December 2021, Hinirog Healthtech Private Limited raised USD 4 million in series B funding led by CreditEase Fintech Investment Fund, with the participation of ICMG Partners. NirogStreet sells a wide range of Ayurvedic medicines through its e-commerce platform. The company provides access to authentic Ayurvedic doctors and provides patients with the proper adoption of pure Ayurveda in the therapy and prevention of illnesses.
In addition, the company offers a mobile application for both Android and iOS users for scheduling doctor appointments. The company plans to use the funds raised in December 2021 to strengthen the authentic medicine manufacturing ecosystem.
Current Investors
Wavemaker Partners, Spiral Ventures, Amand Ventures
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Medical Software
Website
www.nirogstreet.com
Verticals
E-commerce, HealthTech, Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
NirogStreet - financials
| Fiscal Year Ended | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 35,859,992 | 104,166,942 | - | - | - |
| % Revenue Growth (YoY) | - | 190.5% | - | - | - |
| EBITDA (USD) | (19,939,562) | (51,984,079) | - | - | - |
| Operating Income (USD) | (19,976,055) | (52,448,131) | - | - | - |
| Operating Margin | (55.7%) | (50.4%) | - | - | - |
| % EBITDA Margin | (55.6%) | (49.9%) | - | - | - |
| NET Income (USD) | (14,701,173) | (57,588,229) | - | - | - |
| % Net Margin | (41.0%) | (55.3%) | - | - | - |
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