Exclusive: On-demand Healthcare Marketplace Startup Inayo Raises $300K in Seed Funding

Shown Above: Inayo's Co-Founders (Left to Right) - Abhishek Sinha, Raunak jain and Purna Chandra

Shown Above: Inayo’s Co-Founders (Left to Right) – Abhishek Sinha, Raunak jain and Purna Chandra

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. The investors who participated in the round are Amit Ranjan, Founder, SlideShare; Kemark Ventures; Zishaan Hayath and others. The raised funding will be used for Inayo’s expansion to 22 localities in Mumbai, Delhi and Bengaluru as well as for enhancing the product features. Also, the company plans to process 100 orders per day by October end.

Inayo is a mobile app platform that enables customers to order medicines and other healthcare products such as from Patanjali, OTC medicines, Ayurveda and Herbal items, healthcare devices, parenting, nutritional supplements & health drinks anytime anywhere.

The company has over 30,000 products spread across various categories such as medicines, Ayurvedic products, Sports nutrition, personal care products, baby care products and much more. Its services are available in Powai, and Andheri areas in Mumbai. To order medicines on the app, users need to click a complete picture of their valid prescription using Inayo app and place an order. The startup claims to offer delivery within 90 minutes. With the help of its Android app, users can also set reminders and instructions on how and when to take their medicines.

At the moment the company only offers payment through Cash on Delivery.

The other players like Healthkart, Healthkart Plus, 1MG, CureJoy and Religare Wellness Ltd. are also operating in this space. Last month, Bengaluru and San Francisco based online health and wellness startup, CureJoy secured $1.15M funding in Pre-Series A round, led by Accel Partners, India.