In recent news, a Pakistan-based online pharmacy has raised nearly $8.5 million in a funding round overseen by 500 Startups. This included investors from Pakistani VC Sarmayacar, Kingsway Capital, Mentors Fund, and Crimson Seed Capital.
Dawaai is an innovative pharmacy-led healthcare group that focuses on providing integrated pharmacy services while ensuring convenience and quality. Dawaai is reinventing the concept of retail pharmacy by taking authentic medicines to patients’ doorstep as quickly as possible. In a nutshell, customers no longer need to find the best pharmacy store as all pharmaceuticals will be sent to the customer’s doorstep.
Through the investment, the company will build the pharmaceutical supply chain infrastructure and further invest in solutions and tools based on the latest technologies. According to Dawaai, they have over 250 employees that have served 11 million people in over 98 cities throughout Pakistan and are slowly entering the business-to-business (B2B) sector by supplying medicine to shops in the pharma downstream business.
Moreover, the company is supported by numerous health institutions and prominent hospitals including centers such as the National Institute of Blood & Disease hence making the company more valid in terms of customer trust.