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Varco Leg Care Bags Seed Funding Led by Sunicon Maiden Fund

Written by : Nikita Saha

April 16, 2024

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The infusion of funds will be utilized to strategically bolster capabilities across various fronts.

Delhi-based Varco Leg Care has raised a cumulative of $ 0.5 million (over INR 4.5 Cr) in seed funding, led by Sunicon Maiden Fund, an early-stage venture fund curated by Sunicon Ventures.

The infusion of funds will be utilized to strategically bolster capabilities across various fronts, including enhancing offline touchpoints, advancing R&D initiatives, and scaling and optimizing marketing efforts.

Additionally, the company would be allocating significant funds and resources in the near future towards enhancing its credibility as well as publishing its in-house conducted clinical studies’ findings in various reputable medical journals.

Speaking about the latest fundraise, Anondeep Ganguly, CEO, Varco Leg Care said, “This capital infusion serves as a major milestone in our growth journey; it not just propels us in boosting our customer base, supply chain and offline visibility, but will also be playing a pivotal role in advancing our steadfast commitment to presenting robust clinical evidence-based research and solutions.”’

He further noted that their focus is on extensive clinical trials, along with leveraging a pioneering low-friction technology to establish and validate that evidence.

Saloni Jain, founding partner, Sunicon Ventures said, “We are proud to back Varco Leg Care, India’s first digital-native consumer healthcare brand revolutionizing leg care. We at Sunicon are excited to support Varco’s mission in reshaping healthcare accessibility and outcomes across India”.

Varco Leg Care has recently witnessed phenomenal growth of late, with a staggering 110% increase in the brand’s revenue over the past one year.

This increase was followed by Varco’s flagship low friction self-care technology, which enables users to actively self-diagnose their leg health, enhances personalized recommendations and improves treatment adherence for consumers.

Varco’s Recent Healthcare Developments

In November, Varco Leg Care, secured a bridge funding round, raising INR 2 Cr to further its growth strategies.

The round was led by Neeraj Garg, former CEO of Hindustan Coca-Cola with participation from existing and new investors. Besides, senior executives from Coca-Cola, Emporia UAE, Highway Concessions One, a KKR company, and a group of high-net-worth individuals also were part of this round.

The funds sought to be utilized towards talent acquisition, expanding the company's retail presence, enhancing treatment adherence, advancing research and development activities, and improving customer retention strategies, as per the startup.

Recently, the startup unveiled the world's first AI-powered Leg Health Test. This technology utilizes AI and machine learning for personalized solutions to address conditions such as spider veins, diabetic foot, restless leg syndrome and more.

Moreover, this health test features a Neural Network Technology containing over five million parameters that analyze user data to give the output of a leg health score, recommended products/dosages, projected healing times, and tailored insights.

Founded in 2022 by Anondeep Ganguly, Varco Leg Care is dedicated to creating and providing a wide range of leg care products that address the leg health needs of customers worldwide.

The startup aims to enhance the quality of life for those with leg disorders through the use of Phyto Transdermal technology for treatment and Neural Network technology for diagnosis.


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