Gynoveda, a femtech platform, has raised $10 million in a Series A round led by India Alternative Fund. The round also saw participation from RPG Ventures, Wipro Enterprises Limited, and Alteria Capital, with existing investor Fireside Ventures.
The platform aims to use the funds over the next 3-5 years to expand its presence across physical stores, double the current team of 50 employees, and reach about a million women. Currently, Gynoveda claims to have treated three lakh women residing across 20,000 pin codes in India. "We are expecting to see a retention of close to 60% from the million women we aim to cater to," Vishal Gupta, Founder and CEO.
