Leg care brand Varco Leg Care raises $500K in a seed round led by Sunicon Maiden Fund

New Delhi-based leg care brand Varco Leg Care has raised $500,000 (or over Rs 4.5 crore) in a seed funding round while doubling its valuation within a span of only ten months. The seed round was led by Sunicon Maiden Fund, an early-stage venture fund curated by Sunicon Ventures.

Bolstering capabilities across various fronts

Varco Leg Care said it will be utilizing the raised capital to strategically bolster its capabilities across various fronts, which include enhancing offline touchpoints, advancing research and development (R&D) initiatives, and scaling and optimizing marketing efforts.

Additionally, the startup will further enhance its credibility by expanding its existing IP portfolio (Varco has filed four patents to date) and publishing the findings of its in-house clinical studies in various reputable medical journals.

Revolutionizing leg health management

Founded in 2022 by Anondeep Ganguly, Varco Leg Care claims to be the world’s first leg care dedicated brand, committed to revolutionizing leg health management through innovative digital solutions. 

The startup leverages tech and clinical expertise to empower individuals to take control of their leg health, promoting early intervention and proactive self-care.

It has created a wide range of leg care products that address the end-to-end leg health needs of customers worldwide. The startup said that its products target leg health issues like varicose veins, diabetic foot, foot ulcer, restless leg syndrome, and so on.

Notably, It has also launched an AI-powered leg health test, which harnesses the power of AI and neural algorithms to provide users with unprecedented levels of personalization in addressing their existing leg health conditions.

Leadership comments

Anondeep Ganguly, CEO of Varco Leg Care, said, “This capital infusion serves as a major milestone in our growth journey; it not just propels us in boosting our customer base, supply chain and offline visibility, but will also be playing a pivotal role in advancing our steadfast commitment to presenting robust clinical evidence-based research and solutions. We are not only emphasizing and focusing on extensive clinical trials but also leveraging a pioneering low-friction technology to establish and validate that evidence."

"Going ahead, as we grow and scale exponentially and remain committed to delivering superlative leg health solutions, we shall continue placing the needs of our valued customers at the heart of our R&D initiatives," Ganguly added.

Varco Leg Care's growth and presence 

Varco Leg Care claims to have witnessed revenue growth of 110% over the past year and boasts a retention rate of 42%. Varco has served over 500,000 customers and expanded its presence to more than 3,000 medical stores across cities such as Mumbai, Bangalore, and Delhi, according to the statement.

Furthermore, the startup's products are available in Walmart in the USA and across India at organized retail outlets, including Guardian Pharmacy, Noble Plus, and Wellness Forever, among others. Apart from this, Varco Leg Care offers its products through its own website and on marketplaces such as Amazon, Flipkart, and 1MG.