Ayurveda tech startup NirogStreet has received $12 million in a Series B round, while B2B procurement platform ProcMart has raised $10 million in its Series A round.
Jungle Ventures leads NirogStreet’s round
NirogStreet, an Ayurveda tech startup based in Delhi, India, has received $12 million in a Series B round of funding led by Jungle Ventures. DealStreetAsia first reported that the company had raised a fresh funding round led by Jungle Ventures.
Existing investors Spiral Ventures, ICMG Co-Creation Fund (managed by ICMG Partners), DoorDash’s Gokul Rajaram, and SMBC APAC co-head Rajeev Kannan also participated. The family office of Anthony Weldon also co-invested.
Established in June 2016 in India’s financial capital Mumbai, NirogStreet is a technology-driven community and social commerce platform that provides access to authentic Ayurveda doctors on a global scale.
Sixth Sense Ventures backs ProcMart
ProcMart, a B2B procurement marketplace, has raised $10 million in its Series A round led by Sixth Sense Ventures, according to Entrackr.
The company had raised an undisclosed amount from IndiaMart in 2016. The company’s competitors include several B2B procurement players, including Moglix, Infra.Market, Zetwerk, Ofbusiness, and IndustryBuying, among others.
Founded in 2015 by Anish Popli, ProcMart is an enterprise-focused MRO aggregator with a tech-enabled platform. It connects a variety of stakeholders through an easy-to-use interface to meet demands across various levels of the supply chain.