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HempStreet Bags Funding To Launch New Ayurveda Cannabis Medications

Feb 02, 2024•over 1 year ago

Amount Raised

$1 Million

Round Type

seed

New DelhiCannabisBiotechnologyHealth CareManufacturing

Investors

Abhishek MohanAndre RodriguesCarl Waahlin

Description

Cannabis-focused healthtech startup HempStreet has raised $1 Mn in its pre-Series A funding round led by existing investor Carl Waahlin of Waahlin Holdings.

Company Information

Company

HempStreet

Location

New Delhi, Delhi, India

About

Founded in 2019, HempStreet manufactures cannabis-based medications for digestive ailments, menstrual cramps, sexual health, hypertension, anxiety and others. It claims to be India’s first research-to-retail venture in the ayurvedic cannabis sector.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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