Healthtech Startup Varco Leg Care Eyes International Expansion with Fresh $240K Funding
Varco Leg Care, a healthtech startup addressing end-to-end leg health concerns, has secured $240,369 (Rs 2 crore) in a bridge funding round led by Neeraj Garg, the former chief executive officer of Hindustan Coca-Cola.
As per the startup, the freshly raised funds will be used to hire talent, expand its retail presence, and explore new international markets. Further, part of the raised funds will enable the startup to improve its research and development (R&D) efforts.
The funding round saw participation from existing and new investors, including senior executives from Coca-Cola and Emporia UAE. Undisclosed high-net-worth individuals (HNIs) also participated in the funding round.
Varco Leg Care | End-to-end Leg Health and Beauty Solutions
Founded by Anondeep Ganguly in 2022, Varco Leg Care is a Delhi-based healthtech firm that focuses exclusively on leg care. The leg care focused startup provides end-to-end leg health and beauty solutions based on phytotechnology. It treats various leg disorders like spider veins, diabetic foot, varicose veins, and restless leg syndrome, among others.
Speaking about the development, Anondeep Ganguly, CEO of Varco Leg Care, said,
“Beyond pioneering effective leg care products with the help of advanced phyto and neural network technology, we at Varco are also empowering consumers to actively engage in diagnosing and managing their leg health.”
Ganguly added that in the long term, the leg care startup aims to become a global leader in the leg care solutions field, envisioning a world where all individuals move freely without any leg disorder burdens.
The Delhi-based healthtech firm utilizes advanced plant molecule technology that not only uses topical agents but also capsules, providing optimal treatment effectiveness. It claims to be developing a comprehensive leg care product portfolio to strengthen its position across the US market. The startup aims to do this through strategic partnerships with leading marketplaces, as well as to expand to new markets such as GCC countries.
Statement from the Investor
Commenting on the development, ex-CEO of Hindustan Coca-Cola, Neeraj Garg, leading investor of the round, highlighted the positive transformation Varco is making in the leg care space by offering breakthrough leg care solutions powered by phytotechnology.
“By creating breakthrough leg care solutions powered by phytotechnology and enabling consumers to proactively manage their well-being, Varco is ushering in an unforeseen positive transformation in the leg care space. Going forward, we foresee Varco Leg Care products becoming a household essential across our country and internationally too.”
The Delhi-based healthtech firm claims to have served over 3 lakh customers and expanded its presence to over 1,500 pharmacies across Mumbai, Bengaluru, and Delhi. Having recorded net revenue of over $1 million, the Delhi-based healthtech firm aims to achieve 10x growth in its monthly recurring revenue (MRR).
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