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Startup Bangladesh’s portfolio health-tech startup Arogga – আরোগ্য has raised a total of $5.5 million in its seed funding round

Counterfeit medicine has become a significant problem in developing countries, including Bangladesh. Estimates suggest that fake drugs can make up 30% of all medicines sold in the open market at any given time.

Arogga is a Bangladeshi startup aiming to nip the issue in the bud by making genuine and affordable medication more accessible.

With this goal in mind, the company has recently raised US$4 million in fresh capital, bringing Arogga’s total seed funding to US$5.5 million. The new round was led by The Venture Collective, a US-based venture capital firm.

Source: https://www.techinasia.com/the-venture-collective-backs-bangladeshi-startup-to-fight-counterfeit-medicine