Ezdehar Acquires $10M Minority Stake in Healthtech Startup Yodawy
Yodawy has delivered more than 6 million prescriptions since its establishment in 2018.
Egyptian direct investment fund management company Ezdehar has acquired a minority stake in Yodawy, a medical technology company, as part of its drive to invest in mid-cap startups, with the deal valued at $10 million. The region’s pharma and health tech market is poised for growth, with projections predicting an increase of $60 billion by 2025.
“Yodawy has identified and seized an untapped opportunity in the prescription and delivery sector, and has created a model that has proven effective in serving patients and healthcare providers in the market,” Amir El-Sharqy, General Manager of Ezdehar, tells StartupScene.
Founded in 2018 by Karim Khashaba, Yasser Abdel Gawad and Sherief El-Feky, Yodawy is an online platform that enables pharmacies to deliver prescriptions to patients while also allowing insurance companies to automate payments and approvals, ultimately saving costs and improving overall customer experience.
Yodawy serves about 35 health insurance and healthcare service companies, which have contracts with more than 800 companies, 20 hospitals and 30 clinics in the market. The company also partners with 3,000 pharmacies that provide services for chronic and non-chronic conditions across Egypt, therefore covering both B2B and B2C business. Since its establishment in 2018, more than 6 million prescriptions have been delivered.
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Nov 28,2024
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