The Venture Codex

Led · Equity · Jan 2024

Yodawy develops a healthcare platform focused on prescription fulfillment and delivery to address major issues in Egypt’s healthcare system. The company partners with insurance companies and healthcare service providers to enhance patient access and experience. Yodawy serves about 35 health insurance and healthcare service providers and has contracts with over 800 businesses, 20 hospitals, and 30 clinics. It works with roughly 3,000 pharmacies across Egypt and has fulfilled over 6 million prescriptions since founding. The company plans to use new funding to grow its customer base and expand technology-enabled prescription fulfillment services to add value to the healthcare services industry. Yodawy operates a technology platform that digitizes the end-to-end prescription cycle, including an e-prescription gateway for doctors, an approvals engine for insurers and an e-pharmacy fulfillment offering. The company serves roughly 300 corporate clients, partners with 20 health insurers and 500 doctors, and works with a network of about 3,000 pharmacies. Its platform processes almost 200,000 prescriptions monthly across 30 cities and has handled over 4 million prescriptions through corporate programs; its e-prescription gateway generates more than 2,000 e-prescriptions daily. Yodawy reports serving more than 50,000 recurring chronic patients monthly and says revenue has grown 400% since its last priced round 18 months ago. The startup runs a Care Program that provides monthly medication refills and processes daily deliveries across 38 Egyptian cities. It plans to use new capital to expand across Middle East and Africa, scale prescription processing, automate operations further and bolster tech-enabled fulfillment capabilities. Yodawy is a Cairo-based medicine delivery and digital claims startup operating iOS and Android apps that let users browse and order medicines and personal-care products from nearby pharmacies. The app supports medical insurance co-payment plans and claims processing. The company partners with more than 2,500 pharmacies across 30 cities in Egypt. Yodawy positions itself as a pharmacy benefits and claims-processing solution for consumers, pharmacies and insurers. It won the Sanofi pitch competition at VivaTechnology 2019, and investors have praised its vision and go-to-market progress. The article does not disclose revenues, users, or specific plans for the new funding.