India, October 10, 2015: Mumbai-based on-demand healthcare marketplace, Inayo which was started by Raunak Jain, CEO (ex flipkart, Toppr, IITB) and Abhishek Sinha, COO (ex housing, IIMB) and Purna Chandra, CTO (IITB), has raised $300,000 in seed funding. Inayo is a mobile app platform aimed at simplifying medication and healthcare. The company has over 30,000 products spread across various categories such as Medicines, Patanjali, Ayurvedic products, Sports Nutrition, Personal Care products, Baby Care products and much more.
The investors who participated in the round are Amit Ranjan (Founder, SlideShare); Kemark Ventures; Zishaan Hayath (Cofounder, Toppr.com) and others.
“Health product market is expected to grow at a CAGR of 15% and touch $ 158.2bn by 2017. We have over 30,000 products spread across various categories such as medicines, patanjali, sports nutrition, personal care products and baby care products. The funding raised will be used in expansion of Inayo in 22 localities in Mumbai, Delhi, Bengaluru as well as for enhancing the product features. We also plan to process 100 orders per day by October end”, says Raunak Jain, Co-Founder, Inayo.
Inayo’s services are available in Powai and Andheri in Mumbai and offers delivery of products within 90 minutes of order. With the help of its Android app, users can also set reminders and instructions on how and when to take their medicines. Inayo plans to foray into other healthcare services which include on demand Pathology tests
