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Varco Leg Care raises Rs 2 Crore in bridge funding

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Healthtech companyVarco Leg Care has secured a successful bridge funding round, raising Rs 2 crore. The investment was led by Neeraj Garg and joined by other investors. The funds will be utilized for various strategic purposes, including recruiting talent, expanding the retail presence, enhancing treatment adherence, advancing research and development, and improving customer retention initiatives, as outlined in Varco Leg Care's official press release.

Founded in 2022 by Anondeep Ganguly, Varco Leg Care focuses on managing various leg-related conditions such as spider veins, varicose veins, diabetic foot issues, and restless leg syndrome. The company utilizes advanced plant molecule technology, utilizing both topical products and capsules to provide highly efficient treatment solutions.

Varco Leg Care has strategic objectives that encompass creating an extensive range of leg care products with the goal of strengthening its position in the U.S. market through partnerships with prominent online platforms. Additionally, it plans to enter new markets, including the GCC countries. Based in Delhi, the company takes pride in its service to more than 300,000 customers, its presence in over 1,500 pharmacies in Mumbai, Bengaluru, and Delhi, and its achievement of a net revenue exceeding $1 million. The company has set ambitious goals, aiming for a tenfold increase in its monthly recurring revenue (MRR).