Ailaaj, a digital well being platform providing personalised affected person care companies in Pakistan, has raised $1.6 million in a seed spherical led by native monetary companies conglomerate JS Group of enterprise tycoon Jahangir Siddiqui. The funding spherical additionally drew the participation of Leonine Tech Ventures and East Asian non-public fairness buyers.
WHAT IT DOES
The well being startup operates a vertically built-in main care platform that gives a unified providing consisting of prognosis, drugs supply, company well being and wellness companies and ongoing care. Using a “well being care concierge” method, the corporate delivers a “personalised complete affected person expertise” modelled after worldwide healthcare programs.
Ailaaj was shaped following the acquisition and merger of telehealth startup AugmentCare and e-pharmacy portal Sehat.com.pk, each of which had been incubated by one among Pakistan’s greatest healthcare teams, Fazal Din Group. The healthcare agency has additionally backed the digital well being startup’s latest seed spherical.
WHY IT MATTERS
In a press assertion, Ailaaj stated it’s tapping into Pakistan’s $4 billion pharmaceutical market whereas it appears to broaden into the infant and sweetness merchandise market by social commerce. Together with physician consultations and lab testing, the corporate is eyeing a complete addressable market valued at roughly $20 billion.
This 12 months quite a few digital well being startups in Pakistani attracted investor funding. Final month, Marham closed a seed spherical the place it raised $1 million from Indus Valley Capital. Launched in 2015, the digital well being platform affords on-line physician consultations, lab check reserving and drugs ordering by its cell app and net portal. With its contemporary funds, the corporate goals to introduce extra companies and broaden into smaller cities round Pakistan.
One other Pakistani startup, Dawaai, netted $8.5 million in a funding spherical led by US-based 500 Startups. The net and cell app-based well being platform runs a digital pharmacy and gives different on-line companies akin to teleconsultation, nursing, physiotherapy and at-home lab testing.
ON THE RECORD
“I moved again to Pakistan with the realisation that the present system within the nation creates an imbalanced relationship between sufferers and healthcare suppliers. There may be numerous confusion round how individuals can discover one of the best care that they want. With Ailaaj, all the pieces we construct is centred round giving again management to our clients by extremely personalised care companies; an end-to-end resolution that addresses all affected person wants on one platform whereas connecting them to healthcare specialists and the merchandise they want for higher care,” Ailaaj Founder Hyder Mumtaz stated.