Tuesday, September 28, 2021

Pakistan's Ailaaj announces $1.6mn in seed funding to scale as full-stack digital healthcare platform - Profit by Pakistan Today

Last updated Wednesday, September 8, 2021 09:59 ET , Source: TopWireNews

LAHORE: Ailaaj, Pakistan’s first full-stack digital healthcare platform which is offering end-to-end patient care services, Wednesday announced raising $1.6 million in its seed round.
The funding was led by JS Group, Pakistan’s prominent financial services conglomerate, with participation from other investors including Lahore-based Fazal Din Group, Leonine Tech Ventures, and private equity investors from East Asia.
Ailaaj was formed by the acquisition of telehealth startup AugmentCare which was founded in 2017, and Sehat.com.pk, an online pharmacy founded in 2014. Augmentcare had earlier raised roughly $1 million during its early days.
With a population of 221 million, Pakistan currently has one doctor to every 1,300 Pakistanis, ranking 115 globally while a meager 1.2 per cent of the GDP is spent on healthcare by the government. Needless to say that Pakistan’s current healthcare ecosystem is fragmented with numerous different service providers that often leave gaps in patient care.
As a full-stack healthcare company now, Ailaaj says it will bridge those gaps with its vertically integrated primary care platform powering a personalized, end-to-end healthcare experience from diagnosis by Pakistan Medical and Dental Council (PMDC) qualified doctors, to delivery of medication, corporate health, and wellness, to ongoing care into one seamless offering.
“It’s a holistic, 360-degree platform for any patient in their disease continuum and also the patient journey. It’s...

Read Full Story: https://profit.pakistantoday.com.pk/2021/09/08/pakistans-ailaaj-announces-1-6mn-in-seed-funding-to-scale-as-full-stack-digital-healthcare-platform/

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