 "Inayo raised $300K in seed funding")
Mumbai-based on-demand health care marketplace, Inayo.in, which was started by Raunak Jain, Abhishek Sinha and Purna Chandra, raised $300,000 in seed funding on Saturday.
Amit Ranjan (Founder, SlideShare); Kemark Ventures; Zishaan Hayath (Cofounder, Toppr.com) and others participated in the round.
The funds will be used for expansion in 22 localities in Mumbai, Delhi, Bengaluru and for enhancing product features. Services are currently available only in certain suburbs of Mumbai such as Powai and Andheri.
The user selects the medicines needed, places an order and uploads his prescription by taking a picture. Once verified, the medicine is dispatched from the store. Currently cash on delivery is the only accepted mode of payment. The company has over 30,000 products spread across various categories such as medicines, Ayurvedic products, sports nutrition, personal care products and baby care products.