Health-Tech Startup Medznmore Raises $11.5m In Pre-Series A Funding

Nunc Gestion is one of the companies that are taking part. Other people who invest in projects are Sturgeon Capital and Alta Semper. Angel investors include the AlTouq Group, ACE & Company, Key Family Partners, Reflect Ventures, and Atlas Asset Management. In September of that year, Asad Khan, Saad Khawar, and Babar Lakhani put the first $2.6 million into the company.

The best ways to get in touch with the company are through its B2B and B2C websites, TezMedz and Tabiyat. Pk. According to the pharmaceutical industry, about 40% of the drugs sold in Pakistan are either fake or don’t work. MEDZnMORE wants to make it easier for customers to get real drugs to solve this problem.

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The company says that it works with pharmaceutical companies and authorized distributors to ensure that patients and pharmacies in Karachi, Lahore, and Islamabad only get real drugs. There are seven cold-chain warehouses in Karachi, Lahore, and Islamabad, where the company says it has grown by 42% every month in the last year.

The CEO of MEDZnMORE, Kiyan Zandiyeh, said that the team showed “a level of attention and quality of execution” that led to “amazing traction” quickly. “We think the company will be the market leader in Pakistan and the whole region because it has a clear plan for its products. We’re excited to work with this group and can’t wait to see what the future holds for us.” Zandiyeh told me

Health-Tech Startup Medznmore Raises $11.5m

The company’s CEO thinks that health and wellness products should be available to everyone in the country.

Khan said that there are 220 million people on the market and that the government spends less than 1.2% of GDP on healthcare. He also said that because out-of-pocket costs made up 55% of the total cost of health care, it was important to have affordable, real medicines available.

Jinesh Patel of Integrity Partners said, “As ESG (environmental, social, and governance) investors, we saw that MEDZnMORE thinks the same way we do.” Patel said that the group was working on some of the most important problems in healthcare and had made a lot of progress in a short amount of time. Patel said that the “star squad” would change how health care is given in Pakistan. “We are excited to help them and can’t wait to join their journey.”

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