About CareOnGo
CareOnGo is a Healthcare company based in Delhi (India) founded in 2015. Online hyperlocal marketplace of co-branded pharmacy with an integrated ERP automation and analytics. CareOnGo has raised $980.34 thousand across 2 funding rounds from investors including Konglo Ventures, Fao Ventures and N Pradeip Cumar. The company has 1 employees. CareOnGo was last valued at $10.73 million in December 2016. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Drugs. Its legal entity in India is Adriyo Technology Private Limited (U72200KA2015PTC080698). Its competitors include Tata 1mg, Netmeds and Truemeds; 3 of its 3 listed competitors have raised funding.
Company details
CareOnGo is Online Health Platform. The company claims to provide complete healthcare solutions from buying medicines online, finding substitutes medicines, understanding the medicines, information about diets to talking to health experts. The mobile app has been launched, as of Jan 2016. The user can upload the prescription and order from the website or app. The company also claims to provide emergency delivery of medicine even during night time. Raised 300K in seed funding from a group of angel investors in Feb. 2016. In April 2016, announced pre-series A funding through LetsVenture led by Farooq Oomerbhoy. In July 2016, launched a B2B mobile app, InstaStock, in partnership with financial technology player LendingKart to allow instant working capital loans for medical supplies retailers.
- Headquarters Delhi, India
- Employees 1
- Stage Minicorn
- SectorsHealthcare
- Website careongo.com
- Social LinkedIn X Facebook
- Legal Name Adriyo Technology Private Limited
- Date of Incorporation 04 Jun, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹3,570
FY 2020 · -82% YoY
- Net Loss-₹31.7 Lakh
FY 2020 · -88752% margin
- EBITDA-₹31.7 Lakh
FY 2020 · -88752% margin
- Total Equity Funding$980.34K (USD)
in 2 rounds
- Latest Funding Round$294.61K (USD), Angel Round
Dec 2016
- InvestorsKonglo Ventures
& 37 more
- Employee Count1
Associated legal entities of CareOnGo
CareOnGo operates through Adriyo Technology Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Adriyo Technology Private Limited CIN U72200KA2015PTC080698 | Strike Off | 04 Jun 2015 | Bangalore, Karnataka | ₹0.0 Cr | 1 | 2 | View details |
Funding Insights of CareOnGo
CareOnGo has successfully raised a total of $980.34K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $294.61 thousand completed in December 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $980,344
- Total Rounds 2
- Last Round Angel Round — $294,614
- First Round $685,730
(Feb 2016)
- Investors Count 38
All 2 funding rounds of CareOnGo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2016 | $294,614 | Angel Round | $10.73M | N Pradeip Cumar, Anitha Hariharan | – |
| Feb 2016 | $685,730 | Seed | $2.84M | Rajendra Kumar Mishra, Hariharan Subramanian |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2016 | $10.73M | •••••••• |
| Feb 2016 | $2.84M | •••••••• |
Last known valuation $10.73M (Dec 2016). 38 investors in total: 3 institutional and 35 angel.
Investors in CareOnGo
CareOnGo has secured backing from 38 investors, including angel and venture fund investors. Prominent investors backing the company include Konglo Ventures, Fao Ventures and N Pradeip Cumar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments and consulting services for startups in the US and India. | 2013 | kongloventures.com | Kochi, India | |
Angel network focused on India, Singapore, and U.S based companies | sgan.sg | Singapore, Singapore | ||
Venture capital firm investing in early-stage companies | 2011 | faoventures.com | Mumbai, India | |
NP N Pradeip Cumar | unknown_05d34e33050f44528 | |||
AH Anitha Hariharan | unknown_6f378977f447408d8 | |||
RK Rajendra Kumar Mishra | unknown_27a1cef7bba340969 | |||
HS Hariharan Subramanian | unknown_8e57ae6d7de84c4eb | |||
VG Vibhu Garg | Angel investor, co-founder of Unicommerce, focused on SaaS and e-commerce | unknown_7bd01238c60641649 | ||
VG Vineet Ganesh | unknown_3a5b4f45232f49429 | |||
HK Harish Kappooruveettil | unknown_6c96587c3b9d416e8 |
Investor details for CareOnGo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Adriyo Technology Private Limited (CareOnGo)
Adriyo Technology Private Limited is the primary company behind CareOnGo. The board of Adriyo Technology Private Limited currently have 2 directors; the longest-serving is Preeti Agarwal, appointed in 2018. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Preeti Agarwal DIN 07252035 | Director | 29 Mar 2018 | 8 yrs 6 mo | Adriyo Technology Private Limited |
| Kusum Singh DIN 07521037 | Director | 18 Nov 2018 | 7 yrs 11 mo | Adriyo Technology Private Limited |
Financials of CareOnGo
Figures of Adriyo Technology Private Limited, the primary company behind CareOnGo, for FY 2020. Revenue was ₹3,570 (-82% year on year). Net loss was -₹31.7 Lakh (-88752% margin). EBITDA was -₹31.7 Lakh (-88752% margin). Revenue has grown at a compounded annual rate of -96% over three years.
- ₹3,570Revenue · FY 2020 · -82% YoY
- -₹31.7 LakhNet loss · -88752% margin
- -₹31.7 LakhEBITDA · -88752% margin
- ₹13.5 LakhPaid-up capital
- 1Employees (provident fund records)
- -96%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Adriyo Technology Private Limited are on its company page.
Detailed financial statements for CareOnGo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of CareOnGo
4 dated milestones of CareOnGo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded CareOnGo is founded.
- Funding First funding round of $686K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $295K.
Competitors of CareOnGo
CareOnGo has 3 listed competitors in our database, 3 of them funded. They include Tata 1mg, Netmeds and Truemeds.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 1mg.com | 2015 | Delhi, India | $230.8M | 4,419 | Provider of an online pharmacy with doctor listing and teleconsultation services | |
| netmeds.com | 2015 | Chennai, India | $109M | 988 | Provider of an online store for medicines and healthcare products | |
| truemeds.in | 2019 | Mumbai, India | $112.97M | 345 | Provider of an online pharmacy and telehealth platform |
Detailed competitors of CareOnGo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of CareOnGo
The website of CareOnGo (careongo.com) receives about 3.4K visits a month.
- Monthly visits3.4K
▼ 29.4% vs previous month
Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as CareOnGo (Digital Health & Telemedicine) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | Delhi, Delhi, India | USD 230.8 M | USD 328.97 M | 5,212 | |
Online platform offering multiple healthcare services | 2013 | Bengaluru, Karnataka, India | USD 199.22 M | USD 62.4 M | 52 | |
An online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M |
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Related news about Careongo
Complete news archive for CareOnGo
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Frequently Asked Questions about CareOnGo
CareOnGo was founded in 2015 and raised its 1st funding round 1 year after it was founded.
CareOnGo is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
CareOnGo is a funded company, having raised a total of $980.34K across 2 funding rounds to date. The company's 1st funding round was a Seed of $685.73K, raised on Feb 2016.
CareOnGo has 1 employees.
The primary company behind CareOnGo, Adriyo Technology Private Limited, reported revenue of ₹3,570 for FY 2020, down 82% year on year.
CareOnGo is Online Health Platform. The company claims to provide complete healthcare solutions from buying medicines online, finding substitutes medicines, understanding the medicines, information about diets to talking to health experts. The mobile app has been launched, as of Jan 2016. The user can upload the prescription and order from the website or app. The company also claims to provide emergency delivery of medicine even during night time. Raised 300K in seed funding from a group of angel investors in Feb. 2016. In April 2016, announced pre-series A funding through LetsVenture led by Farooq Oomerbhoy. In July 2016, launched a B2B mobile app, InstaStock, in partnership with financial technology player LendingKart to allow instant working capital loans for medical supplies retailers.
CareOnGo has 38 investors. Key investors include Konglo Ventures, Fao Ventures, N Pradeip Cumar, Anitha Hariharan, and Rajendra Kumar Mishra.
The valuation of CareOnGo is $10.73M as of Dec 2016.
CareOnGo operates through Adriyo Technology Private Limited.
The legal entities of CareOnGo currently have 2 directors, including Kusum Singh, Preeti Agarwal.