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Biddano has raised $2 million in a pre-series A round of funding.

Biddano is a technology-driven healthcare supply chain platform, The company is eliminating inefficiencies in the material flow formed due to extreme fragmentation in the sector. It has raised $2 million in a funding round led by Gokul Rajaram, a board member at Coinbase and Pinterest. solution for organizing the B2B healthcare supply chain. The round also saw the participation of entities like JPIN Venture Catalysts UK, Anuj Srivastava, Ramakant Sharma, along with existing investors Venture Catalysts and AngelList.

“Our mission is to empower pharmacies and distributors to create a stronger, robust, and more efficient ecosystem for healthcare consumers,” Ashok Yadav said.

Based in Pune it was founded in the year 2016 by Talha Shaikh and Ashok Yadav, Biddano aims to improve the offline pharma distribution networks by bridging the supply-chain gaps between distributors and chemists through technology.

The startup serves more than 20,000 pharmacies and plans to widen its volume to more than one lakh pharmacies on its network in the next 12 months while aiming to become India’s largest healthcare supply chain, logistics, and payment platform over the next few years.

“The new funding will enable Biddano to fulfill strong market demand for its supply chain platform by investing in the product, engineering and go-to-market teams to offer more value-added services, improve customer experience, develop new products, and strengthen its leadership in the market,” the company said in a statement.

Biddano is hiring across various roles and verticals and plans to grow its headcount over the next ten months to 100 from the current 30,” the statement said.

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Written by Ravi Tilekar


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