Medical

Health Care Startup Varco®raises funding in a seed round led by Ex-Hindustan Coca-Cola CEO

Published: May 16, 2023
Author: TEXTILE VALUE CHAIN
  • Founded in 2022, Varco® is India’s first brand that focuses exclusively on leg care, aiming to address end-to-end leg health concerns

National, May 16th, 2023: Delhi based-health care startup, Varco® Leg Care raised an undisclosed amount in the seed round led by Mr. Neeraj Garg, Ex-CEO, Hindustan Coca-Cola, Dr. Mohit Lalvani Mascot Spincontrol India Pvt Ltd, Simple Juneja, Global Business leader, Ex-Coca-Cola, Bacardi, LVMH and other angels in medical, top consultant companies, FMCG and infrastructure.

Varco® Leg Care plans to use its recent funding to broaden its range of products, with a particular focus on enhancing leg health. The company will invest in advanced technology to improve retention and discoverability, while simultaneously enhancing its distribution channels.

Varco® intends to recruit additional key opinion leaders in high-performing markets, scale up its business  operations in the United States and UAE, and allocate substantial resources to research and development efforts.

Speaking on the occasion, CEO, Varco®
Leg Care,
 Mr. Anondeep Ganguly said, “At Varco® Leg Care, we have invested in a comprehensive research and development initiative to develop the first phyto-based leg care brand in Asia. Our Chief Scientific Officer, Dr. Apurba Ganguly, has spearheaded this effort and has more than 100 clinical studies published in reputed medical journals, in addition to being a Member of the American Academy of Pain Medicine and the European Medical Association. Our aim is to become the leading brand in the sector, by focusing solely on addressing the actual requirements of leg care.

“We are proud to announce the appointment of Dr. Tapish Sahu as our Chief Medical Advisor. Dr. Sahu is one of the
country’s leading Vascular Surgeons, and his guidance will be invaluable in developing our range of products. Under his guidance we intend to take the KOL (Key Opinion Leader) route to cater to various conditions such as varicose
veins, diabetic feet, and nail fungus, leveraging advanced formulations and proprietary phytotransdermal technology to provide cutting-edge solutions for end-to-end leg health challenges,” Ganguly added.

Mr. Neeraj Garg, Ex-CEO, Hindustan Coca-Cola
said,
“This is an excellent product that has been validated by scientific research not only in India but also in the US and Europe. While the online journey is progressing well, the ultimate goal is to establish distribution channels from D2C to a Phygital model to unlock its true commercial value. He strongly believes that within 3-4 years, this brand has the potential to generate $10 million in revenue.”

Founded in 2022, Varco® Leg Care is India’s first brand that focuses exclusively on leg care, aiming to address end-to-end leg health concerns. Within just a few months of its launch, Varco® Leg Care achieved a remarkable feat by becoming one of the few Indian brands to be listed on Walmart’s prestigious platform. Varco® Leg Care has accomplished a notable achievement with a remarkable growth rate of 30% month over month.

As Varco® Leg Care continues to prioritize the development of a comprehensive and impactful leg care product portfolio, the company also plans to strengthen its position in the US market through strategic partnerships with leading marketplaces. Once this initial objective is accomplished, the company intends to leverage data-driven decision-making to expand its presence into retail channels, with the ultimate goal of dominating the leg care section in pharmacies worldwide. This approach is reflective of the company’s ambitious long-term vision and its commitment to delivering innovative and effective products to customers across the globe.

About Varco® Leg Care:

Varco® Leg Care, a Delhi-based innovative healthcare startup, is founded on cutting-edge science and noble prise winning phytotechnology. The company sets itself apart with its unique portfolio of products and vertically integrated supply chain, where it cultivates most of its own raw materials. Varco® Leg Care is dedicated to creating and providing a wide range of leg care products that address the leg health needs of customers worldwide. The company has earned the trust of Indian consumers by offering competitively priced, high-quality, and effective products that effectively

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