i’SUPPLY, a leading Egyptian B2B healthtech company, has secured a pre-Series A funding round to push its mission of transforming the country’s pharmaceutical industry bringing the company’s total funding to USD 2.5 million since its inception in 2022.
This investment, led by Disruptech Ventures with participation from prominent players like OneStop Capital, Axian Investment CVC, and Egypt Ventures, will empower i’SUPPLY to accelerate its growth trajectory and solidify its position as a key player in the digital health space.
Building a More Efficient Pharmaceutical Supply Chain
Founded in 2022 by industry veterans Ibrahim Emam, Malek Sultan, and Moustafa Zaki, i’SUPPLY leverages technology to bridge the gap between drug manufacturers, distributors, wholesalers, and pharmacies.
Their innovative platform facilitates seamless supply-and-demand transactions, optimising inventory management and promoting greater efficiency across the entire pharmaceutical ecosystem.
Impressive Growth and Ambitious Plans
Since its inception, i’SUPPLY has experienced remarkable success. The company boasts a network exceeding 10,000 pharmacies and collaborates with over 200 distributors, processing over one million purchase orders and generating an annual transaction volume exceeding EGP 1 billion (USD $20.9 million).
This latest funding round will serve as a catalyst for further expansion, allowing i’SUPPLY to not only improve its technological offerings but also enhance its ability to support small and medium-sized pharmacies.
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Championing SMEs: Financial Solutions for Pharmacies
i’SUPPLY recognises the critical role that small and medium-sized pharmacies play in the healthcare landscape. A core focus of the company’s growth strategy involves obtaining a license from the Egyptian Financial Regulatory Authority.
This will allow i’SUPPLY to offer targeted financing solutions, directly addressing the working capital needs of these vital establishments.
A Thriving Market: The Rise of Egypt’s Pharmaceutical Industry
Egypt’s pharmaceutical industry is set for significant growth, with projections indicating a market volume exceeding $1.948 million by 2028.
i’SUPPLY is strategically positioned to capitalise on this momentum, leveraging its digital platform and comprehensive network to empower all stakeholders within the industry.
First Tech-Enabled Pharmaceutical Marketplace in Egypt
i’SUPPLY stands out as the first tech-based digital distribution platform specifically designed for the Egyptian pharmaceutical industry. Their multi-seller marketplace offers an integrated solution, streamlining communication, optimising transactions, and providing valuable real-time data to all participants.
This innovative approach fosters transparency and collaboration, ultimately benefiting both businesses and consumers.
A Team Founded on Experience: A Passion for Innovation
The i’SUPPLY team brings over 25 years of experience in the pharmaceutical distribution and healthcare sectors to the table. This deep industry knowledge, along with a constant drive for innovation, positions them perfectly to disrupt the traditional landscape and unlock new possibilities.
Why Choose i’SUPPLY?
- Pioneering Spirit: The i’SUPPLY team is passionate about identifying and implementing innovative solutions to address complex challenges within the pharmaceutical industry.
- Collaborative Partnerships: i’SUPPLY views its clients as partners, offering a comprehensive suite of services and ongoing support to ensure success.
- Tailored Solutions for Every Stakeholder: From pharmacies and distributors to sellers and manufacturers, i’SUPPLY offers a variety of services designed to meet the specific needs of each player in the pharmaceutical ecosystem.
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Empowering the Pharmaceutical Industry: The i’SUPPLY Vision
i’SUPPLY aspires to be the premier digital marketplace for pharmaceuticals in Egypt. Their commitment to data-driven solutions, efficient distribution channels, and unwavering support for industry stakeholders positions them as a frontrunner in the country’s digital health revolution.
By promoting collaboration and utilizing the power of technology, i’SUPPLY is paving the way for a more streamlined, efficient, and ultimately healthier future for the Egyptian pharmaceutical landscape. Download the i’SUPPLY app today and experience the future of pharmaceutical distribution.