The Grinta platform, which is based in Egypt and works to provide pharmacy supplies, has succeeded in raising $8 million in funding, bringing the funding that the platform has received - so far - to $9.5 million, in order to invest the funding in Increasing and developing the technical services of the platform, attracting more distinguished talents to the work team, and continuing to expand and spread in the Egyptian market.
Grinta is an electronic platform that develops the supply chain of medicines;
By providing a wide range of medical and pharmaceutical products, to meet all pharmacies' needs, in addition to financing services with stock guarantee.
The platform offers a unique and easy experience through a comprehensive data-driven system that brings together various stakeholders, including manufacturers, distributors, wholesalers and pharmacies, to ensure the highest level of services.
It is worth noting that Egypt is one of the largest pharmaceutical manufacturing countries in the African continent, with a market size of more than $6 billion, with 3 large distribution companies, and more than 3,000 wholesale companies, targeting about 60,000 retail pharmacies, and they do not have digital services to date.
Grinta was founded by entrepreneurs Mohamed Azab, Yousra Badr, Ali Youssef, and Hamza Mohamed, who succeeded in establishing many companies in the field of healthcare in Africa, and succeeded - as well - in attracting many talents in various fields to work in The company, which has more than 300 employees within one year since the start of its activities.
Grinta allows pharmacies to access a full range of traceable pharmaceutical and medical products from multiple vendors, as well as medication provisioning, order planning and inventory financing.
Grinta plans to expand to provide services to pharmacies in the various main centers of the pharmaceutical sector in Africa, and seeks to support drug makers in Egypt and the region to enter African markets, whose size is estimated at about $50 billion.
Since its inception in 2021, Grinta has succeeded in acquiring two companies.
They are: "PH store", a digital platform operating in the same activity in Egypt, and "EME" platform, a software development company with a distinguished technical team.
As a result, the company has expanded significantly in 7 Egyptian governorates, with more than 14,000 pharmacies registered on the platform, more than 20,000 products, and Grinta delivered more than 100,000 orders over the past year.