Biotech Firm MicroGO Raises Pre-Series A Funding of INR 6 Crore
MicroGO aims to provide its customers with a 360°hygiene and infection control solutions by innovative technologies that deliver the correct science and provides profitability and environmental sustainability.
Biotech firm MicroGO, a pioneer in providing smart and sustainable hygiene and infection control solutions, has raised INR 6 crore in Pre-Series A funding from Angel investors in Calcutta. The funds will be used primarily for strengthening MicroGO’s sales and marketing activities.
Aiming to solve the water, sanitation, and hygiene (WaSH) challenges through R&D-based manufacturing, MicroGO began it’s journey of innovation in 2016, piloting its technologies with anchor customers in 2020, and product commercialization in 2022. MicroGO aims to provide its customers with a 360°hygiene and infection control solutions by innovative technologies that deliver the correct science and provides profitability and environmental sustainability. MicroGO holds patented platforms that have been granted patents in as low as 90 days- one of the fastest patent granted in India.
Increasing global travel, climate change and emergence of antibiotic resistance organisms poses a serious threat to the quest towards curtailing infectious diseases. MicroGo’s vision has always been aligned to 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 water, food, and health. Due to rapid urbanization, rising number of establishments of 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.
Commenting on this funding, Dr. Rachna Dave, Founder and CEO of MicroGO, said, “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 buliding 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. Additionally, non-scientific practices are adding both AMR (anti-microbial resistance) as well environemental burden on the nation. All of which shall impact the basic needs of humankind i.e., food, water and health. This infusion of capital will enable us to strengthen our presence in India by expanding the reach network and creating on ground hygiene consultants.”
MicroGO recently launched GOassure™ MAX, an IoT enabled solution that automates hand hygiene, ensures compliance monitoring and saves water & other operational costs, empowering businesses to deliver consistent hygiene practices.
Speaking on the occasion, the investor leading the round said, “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 practises. 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. We are delighted to support a visionary entrepreneur like Rachna, her venture, her team and their vision to break the perception of hygiene practices being an expenditure and turn it into an investment. The team`s single-minded focus to serve their customers right is something we are very proud of. We are indeed very excited about the possibilities.”
With a team of 35+, skilled in microbiology, biotechnology, material science and engineering, MicroGO has been providing hygiene-based solutions to businesses of all sizes- from large business chains to smaller outlets. Since its establishment, the company has added clients from various verticals like food & beverage, healthcare, pharma, commercial and residence complexes and hospitality. This includes Airport Authority Of India, Indian Army, IHCL (TAJ and Vivanta), IRCTC, WayCool, BigBasket, Chettinaad hospitals and Apollo Hospitals.