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The NineHertz • 7m

Farmako, a Gurugram-based healthtech startup focused on quick medicine delivery, has successfully raised USD 1.6 million in a funding round led by existing investors and others, including 535 West Capital, Bayhouse Capital, Goodwater Capital, Unpopular Ventures, and Jude Gomila. This new capital injection will be used to further expand Farmako’s operations into Delhi and Gurugram, according to media reports. The decision to pivot came after the startup’s experimental phase in Gurugram, where it partnered with local pharmacy stores and Swiggy Genie to offer 30-minute medicine delivery services. The overwhelming response from users led to the decision to fully commit to this new direction. Farmako operates an AI system that not only processes prescriptions but also ensures faster delivery of medicines. The company currently runs three pharmacies across Delhi, Gurugram, and Moradabad, completing over 16,000 deliveries within a month. Annual gross order value has surpassed $1 million>

https://startupstorymedia.com/insights-farmako-a-y-combinator-backed-healthtech-startup-raises-1-6-million-to-expand-medicine-delivery-operations/

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