Pharmacy Marts, an Egypt-based health-tech startup founded in 2021, has secured a six-figure bridge round of funding led by Acasia Ventures. The company operates as a B2B digital marketplace connecting pharmacies and medical suppliers, aiming to streamline the pharmaceutical supply chain and enhance patient access to medication.
Currently covering about 20% of Egypt’s pharmacy market with over 12,000 pharmacies onboard and 200 suppliers, Pharmacy Marts provides a platform for pharmacists to manage inventory, source products, and secure financing options efficiently. The startup addresses the challenges of manual processes and fragmented communication in the pharmaceutical sector by offering an online solution that facilitates ordering, payment, and delivery within 24 hours.
With a total investment of $2 million to date from various local, regional, and global investors, Pharmacy Marts plans to leverage Acasia Ventures’ support to expand into African markets and further solidify its position as a category leader in the digital healthcare space.
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