ICMG Co-Creation Fund leads NIROGSTREET’s Pre-Series B Round of the Ayurveda Health-Tech Startup — a Health-Tech company aiming to revolutionize the Ayurveda Industry through digitalization and trust-building — together with UAE-based CE Ventures.
(Left) Ram N Kumar, CEO of NirogStreet, (Right) Gen Funahashi, CEO of ICMG Partners
Photos taken at NirogStreet India Office and ICMG Singapore Office respectively
December 22, 2021
ICMG Partners Co., Ltd.
ICMG Co-Creation Fund I Investment LP
We are pleased to announce that ICMG Co-Creation Fund I Investment LP managed by ICMG Partners Co., Ltd. (HQ: Marunouchi, Chiyoda-ku, Tokyo; CEO: Gen Funahashi) has invested in NIROGSTREET PTE LTD (HQ: 151 Chin Swee Road, Manhattan House, Singapore; CEO: Ram Naumi Kumar). NIROGSTREET looks to create a world, where everyone has access to trust-worthy, professional Ayurveda doctors & high-quality Ayurveda medicine. Through the introduction of its Ayurveda platform, NIROGSTREET aims to build a brand that synergizes with both doctors and patients as a place of trust.
NIROGSTREET has built a technology led community commerce platform that offers tools for all stakeholders to ultimately drive Ayurveda B2B Ecommerce on its platform. There are 4 main pillars that supports NIROGSTREET: Firstly, a social Media Platform for Doctors; building a doctors’ community for knowledge sharing and discussions. Secondly, Co-branded Ayurveda Clinics; building strong brands together with doctors. Thirdly, its Technology Stack; enabling efficient clinic management, online visibility and tele-consultation for doctors, and lastly, Supply Chain Engagement; building opportunities for Ayurveda Brands to interact and engage with doctors to build a more trustworthy supply chain. These 4 pillars come together to build the entire Ayurveda industry through the support provided to the practitioners/doctors.
Additionally, the investment supports and boosts three particular Sustainable Development Goals, the SDG #3 (Good health and well-being); to ensure accessibility to good healthcare and good wellbeing for citizens of all socio-economic background, SDG #8 (Decent work and economic growth); to ensure a sustainable economic growth for the Ayurveda sector, and SDG #9 (Industry, Innovation and Infrastructure); introduction of new digital infrastructure to enable more innovation within the Ayurveda value chain.
Moving forward, as the startup prepares to enter the Japanese market, ICMG Group will utilize its network of leading Japanese corporations to connect and establish co-creation opportunities with NIROGSTREET and its technology.
【About NIROGSTREET】
Founded in June 2016, NirogStreet is a unique concept in the Ayurveda healthcare ecosystem. NirogStreet is an impact organization striving to make Ayurveda the first call of treatment for people. The technology-driven platform provides access to authentic Ayurveda doctors on a global scale. As the world is quickly moving from reactive to proactive healthcare, the demand for holistic healing methods such as Ayurveda is at an all-time high. Their Community-first approach leverages the wide network of practitioners to promote health and wellness in the society.
【About ICMG Group】
ICMG Group has been leading co-creative innovation not only in Japan but also in Southeast Asia and US together with various stakeholders such as leading Japanese big corporations, startups, and government agencies. ICMG Group has also carried out renewable energy investment projects in Southeast Asia with Tokyo Electric Power Company and Chubu Electric Power Co, formed a strategic partnership in Singapore with UNDP to promote the Sustainable Development Goals (SDGs), and launched the sustainable city initiative project in Japan with Aichi Prefectural Government. ICMG Co-Creation Fund aims to create a sustainable society by providing growth capital and strong partner network of leading Japanese corporations to startups that solve social issues.
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