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Egyptian e-health startup Yodawy has raised a USD 16 M Series B round co-led by UAE-based and MEA-focused venture capital firm, Global Ventures, and Delivery Hero Ventures, the venture arm of the global food delivery platform Delivery Hero. Singapore-based AAIC Investment and Saudi’s Dallah Al-Baraka also participated in this round. Existing investors who participated in the digital healthcare’s Series A round in 2019 including, Middle East Venture Partners (MEVP), C Ventures, and P1 Ventures also doubled down.
Yodawy’s platform allows insurance companies and hospitals to automate approvals, save costs and improve customer experience. Also, pharmacies get an online presence and boost sales via Yodawy’s e-commerce offering, which patients (via employer-led medical schemes) can benefit from as they get their medicines and drugs delivered to their doorsteps. Pharmaceuticals, on the other hand, can tap into Yodawy’s network of pharmacies to put products in the hands of consumers. The health tech startup plans to use the investment to expand across markets in the Middle East and Africa.