MicroGO Raises Pre-Series A Funding Of INR 6 Crore
The funds will be utilized to strengthen MicroGO’s sales and marketing activities
Opinions expressed by Entrepreneur contributors are their own.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
MicroGO announced on Thursday to have raised INR 6 crore in pre-Series A funding round from angel investors in Calcutta. The funds will be utilized to strengthen MicroGO’s sales and marketing activities.
“This is a very important juncture for us to scale our business as we are focusing on increasing the outreach of our products and solutions. What we are building in this space is very significant, since hygiene and infection control practices are looked upon as an expenditure and thus, not given its due attention,” said Dr Rachna Dave, founder and CEO, MicroGO.
Increasing global travel, climate change and the emergence of antibiotic resistance organisms pose a serious threat to the quest toward curtailing infectious diseases. MicroGo’s vision has always been aligned with this market need and Covid-19 has further strengthened the need to accelerate hygiene management adoption across the world. These new challenges required newer approaches and necessitated the development of innovative technologies focussing on water, food, and health. Due to rapid urbanization, the rising number of establishments in commercial spaces, and increasing safety standards post the pandemic, the industrial & institutional cleaning chemicals market in India is expected to reach $ 526.53 million by the end of 2026, according to a statement given by the company.
“The pandemic has changed the way people and industry prioritize hygiene and infection control practices. MicroGO has developed disruptive smart solutions and has implemented digital hygiene practices. We have been following MicroGO`s work right from the COVID-19 onset wherein, they contributed immensely to the nation even when their team was very small,” said the anonymous lead investor.
MicroGO announced on Thursday to have raised INR 6 crore in pre-Series A funding round from angel investors in Calcutta. The funds will be utilized to strengthen MicroGO’s sales and marketing activities.
“This is a very important juncture for us to scale our business as we are focusing on increasing the outreach of our products and solutions. What we are building in this space is very significant, since hygiene and infection control practices are looked upon as an expenditure and thus, not given its due attention,” said Dr Rachna Dave, founder and CEO, MicroGO.
Increasing global travel, climate change and the emergence of antibiotic resistance organisms pose a serious threat to the quest toward curtailing infectious diseases. MicroGo’s vision has always been aligned with this market need and Covid-19 has further strengthened the need to accelerate hygiene management adoption across the world. These new challenges required newer approaches and necessitated the development of innovative technologies focussing on water, food, and health. Due to rapid urbanization, the rising number of establishments in commercial spaces, and increasing safety standards post the pandemic, the industrial & institutional cleaning chemicals market in India is expected to reach $ 526.53 million by the end of 2026, according to a statement given by the company.
