Online Pharmacy Secures Pakistan's Biggest Health Care Funding

Bloomberg
May 12, 2022

Online Pharmacy Secures Pakistan's Biggest Health Care Funding


Pakistan’s MedznMore raised more than $11.5 million in the country’s largest funding round by a health-care startup, helping the company expand services and hire more tech talent.

Investors in the pre-Series A round included Integra Partners, Sturgeon Capital and Nunc Gestion, the company said Thursday in a statement.

The firm, which employs more than 800 people and operates in the cities of Karachi, Lahore and Islamabad, sells drugs to pharmacies and retail customers. It’s among a small but steadily rising number of young Pakistani companies attracting foreign investors -- the country had a breakout year in 2021 with startups raising more funds than over the previous six years combined.