- Briefing Your roundup of Asian tech and startup news that matter
Aditya Hadi Pratama · · 1 min readPakistani online pharmacy Dawaai raised $8.5m from 500 Startups
Dawaai, a Pakistan-based online pharmacy, announced it has raised US$8.5 million in a funding round led by 500 Startups.
More funding details
- Lead investor: 500 Startups
- Existing investors: Pakistani VC Sarmayacar, Kingsway Capital, and Mentors Fund
- Other investors: Crimson Seed Capital and several notable family offices and unicorn founders
- Stage: Unspecified
More company updates
- The round pushes Dawaai’s total amount raised from investors to date to US$10.5 million.
- The company will use the fresh funds to build the pharmaceutical supply chain infrastructure in Pakistan and invest in technology.
- Dawaai said the round comes after its revenue grew 4.5x in the past year.
- With 250 employees, the company has served 11 million people in over 98 cities in Pakistan. It has also entered the business to business (B2B) sector by supplying medicine to shops in the pharma downstream business.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Miguel Cordon and September Grace Mahino
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
