Biddano, a healthcare supply chain platform, announced on Monday that it has raised $2 million in a pre-Series A1 round from new and existing investors such as Gokul Rajaram, JPIN, Venture Catalysts UK, and AngelList.
The raised funds will be used to scale the company’s product development, expand into new markets, and innovate new products, according to the company.
Biddano is a full-stack technological platform that helps bridge supply chain gaps between distributors and pharmacies. It was founded in 2016 by Talha Shaikh and Ashok Yadav. It employs a “plug and grow” paradigm to assist distributors in managing demand and supply, particularly when scaling.
“I am excited to partner with Talha, Ashok, and the entire Biddano team on their journey to build the leading healthcare supply chain platform, and strongly believe they will revolutionise the healthcare services and pharma industries,” said Gokul Rajaram, product and business helper at DoorDash, who also advises and helps startups scale.