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Healthcare 2015-10-10

On demand Healthcare start-up Inayo raises Rs 1.94 Crore in Seed Funding

Mumbai-based healthcare marketplace Inayo is a four month old start-up, initiated by three geniuses - Raunak Jain, CEO (ex flipkart, Toppr, IITB) and Abhishek SInha, COO (ex housing, IIMB) and Purna Chandra, CTO (IITB).

On demand Healthcare start-up Inayo raises Rs 1.94 Crore in Seed Funding

Mumbai-based on-demand healthcare marketplace, Inayo, brainchild of Raunak Jain, CEO (ex flipkart, Toppr, IITB) and Abhishek Sinha, COO (ex housing, IIMB) and Purna Chandra, CTO (IITB), has bagged US$ 300,000 (about Rs 1.94 Crore) in seed funding.

Participants in the seed funding were Amit Ranjan, Founder, SlideShare; Kemark Ventures; Zishaan Hayath, Co-founder, Toppr.com and others.

The mobile app platform, Inayo aimed at simplifying healthcare facilities and has over 30,000 products on offer in categories including medicines, patanjali, ayurvedic products, sports nutrition, personal care products, baby care products and more.

Commenting over the fund utilisation, Raunak Jain, Co-Founder, Inayo said, “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.”

About Inayo
Significantly, Inayo is currently operating in Powai and Andheri area of Mumbai, offering delivery of products within 90 minutes of order placed. The start-up has elaborate plans to foray into other healthcare services like on-demand Pathology tests in future.

How it works
To order prescription drugs, a user can upload a scanned copy or photograph of a valid prescription on the app. Once the prescription has been verified, the order will be processed. Currently, the only payment option available is cash on delivery (COD).
  With the help of this Android app, users can also set reminders and instructions on how and when to consume medicine.

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