MEDZnMORE, a Pakistani health-tech platform on a mission to reshape healthcare for over 220M people, has raised the largest investment of any healthcare startup in Pakistan.
The startup has raised $11.5 mn in Pre-Series A funding from Integra Partners, Nunc Gestion, Sturgeon Capital, and Alta Semper. Other Investors include AlTouq Group, ACE & Company, Key Family Partners, Reflect Ventures, Atlas Asset Management, and a few angel investors who are closely aligned with MEDZnMORE’s mission to transform healthcare in Pakistan. The company had previously raised $2.6 mn in September 2020 which was the country’s largest seed round at the time.
The company founded in late 2020 by Asad Khan, Saad Khawar, and Babar Lakhani, is a B2X pharma delivery platform that aims to solve problems that have persisted for decades in buying medicines and wellness products for consumers and retail pharmacies alike.
In a market riddled with counterfeit medicines, where over 40% of all dispensed medicines are either spurious or have lost efficacy; MEDZnMORE is looking to solve this epidemic of counterfeits by improving the availability of, and ease of access to, authentic medicines all across Pakistan. MEDZnMORE partners with pharmaceutical companies and/or their authorized distributors across Karachi, Lahore, and Islamabad – where it operates its warehouses – to deliver genuine products, and the best-in-class experience, to patients and retail pharmacies.
The company has seen phenomenal...
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