Grinta, a FinTech-enabled B2B digital pharmacy platform, raises $8 million in a seed funding round co-led by Raed Ventures and Nclude. The round also witnessed participation from investors Endeavor Catalyst and 500 Global.
“Since inception in 2021, Grinta has acquired two companies, PH Store, a similar digi tal platform in northern Egypt, and EME, a software development company with a solid tech team. As a result, the company has expanded aggressively across seven governorates in Egypt, with over 14,000 registered pharmacies on its platform, 20,000+ SKU’s and has delivered more than 100,000 orders over the last year,” Mohamed Azab, Co-founder and CEO of Grinta, said.
The startup will use the raised funds to scale its full-stack tech platform, grow the team, and expand growth across the Egyptian market.
Grinta was founded by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed, to digitize the pharmaceutical supply chain by offering an easy-to-use experience, giving access to traceable pharmaceutical and medical products from multiple vendors in addition to providing fulfillment, demand planning, and inventory financing.
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