Simplified Tech News Reporting

BusyMed Raises New Funding To Accelerate Expansion Plans

The South African e-health startup offers access to thousands of the products provided by local independent pharmacies, which users can then have delivered to their homes, including prescription medication, in 60 minutes.

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BusyMed said it had raised additional funding to speed its expansion plans. Its vision is to connect consumers directly to pharmacies via a digital platform, giving them Access to online consultations, products, and medication purchases with fast home delivery. The platform allows pharmacists to access real-time stock information and performance data on best-selling items while managing inventory more effectively.

BusyMed has attracted a new round of investment from E4E Africa, an entrepreneur-centric VC fund led by experienced entrepreneurs, aligned mentors and investors.

According to the startup, the investment will enable BusyMed to increase its pharmacy base to around 300 by the end of the year. The investment also allows the team to double its back-office capacity and automate systems to ensure the best service end-to-end.

Mpathi Jezile, BusyMed Managing Director, said: “Raising capital in South Africa is not easy, but the fact that we have been able to raise it on multiple occasions highlights the opportunity that the e-health market offers locally.”

“Whether you had access to world-class private healthcare or were navigating the public healthcare system, access to your medication was critical – we take a lot of pride in the fact that we have played a part in helping transform access to healthcare products and services,” Jezile said.

Bastiaan Hochstenbach, Co-founder and Managing Partner at E4E Africa, said: “Access to quality healthcare and medicine is one of the major challenges for emerging markets, and we are happy to enable e-health innovator BusyMed to grow and be a key player in this ecosystem. E4E Africa focuses on backing scalable solutions for real-world problems, and BusyMed can be exactly that.”



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