PharmacyMarts
Health Tech | Egypt PharmacyMarts is Egypt's first managed B2B marketplace for pharmacies
What they do:
PharmacyMarts helps pharmacists have access to their daily prescriptions and medications their marketplace of suppliers, a wide range of deals, financing options, discounts and fulfilment - all bundled in one online identity, creating a smooth, hassle-free ordering experience.
Why we invested:
Egypt is among the largest producers and consumers of pharmaceuticals in both the Middle East and Africa. Typified by high demographic growth and urbanization, the growth of the industry has been led by high population growth, an expanding generic drug sector, and increased health awareness.
Due to the lack of knowledge and access to tailored ERPs, pharmacists will often spend most of their time doing manual work, tracking stock, and making phone calls to distributors. Many of these pharmacies also rely on financing from distributors with inflexible repayment schedules that can contribute to cash flow issues within the pharmacy. Moreover, the delivery mechanisms offered by different distributors vary, and thus pharmacies experience delayed stock inflows and can also have stock-outs.
PharmacyMarts solves this problem with its marketplace, ERP and stock financing platform.
Founding Team:
Ahmed Kadous is. the Co-Founder and CEO of PharmacyMarts. He has 12 years of experience in the pharmaceutical field, held different positions in Marketing, Sales, Market access & Pricing functions.
Ahmed Mazhar is the Co-Founder and CSO of PharmacyMarts. He has 11 years of experience, previously Vodafone Cash’s Business Development Strategy Senior Manager. experienced in multiple domains such as business development, fintech, sales & channel distribution.
Haitham El Ghotni is the Co-Founder and CBO of PharmacyMarts. He has 10 years of experience in designing and implementing operation strategies.
Mahmoud Shousha is the Co-Founder and Head of Sales of PharmacyMarts. He has 5 years of experience in the field of pharmaceuticals, handling sales and key accounts while coordinating customer service, and operations, and implementing efficient sales processes and standards.
Active in:
Egypt