Esaal, Egypt-based health and wellness platform, raises $1.7 million in a Seed round from A15. Esaal provides consultations on a broad range of issues, including anxiety, physiotherapy, pediatrics and nutrition.
The Egyptian healthtech startup employs a B2B2C model where it partners with medium to large companies to provide these services to their employees.
The online health and wellness consultation platform plans to use this investment to scale across MENA, invest in product and brand development and hire more talent. Esaal expects a revenue CAGR of around 50 to 60% between 2021 and 2025.
Esaal was one of the beneficiaries of the pandemic-induced lockdown that opened up opportunities in healthtech. Users can access Esaal’s services via an app (text, video/voice calls and in-person visitations) and pay with cash, credit cards, Vodafone and Fawry.
The platform currently charges subscription fees and on-demand consultation fees with plans to make money from in-person visitations in subsequent updates.
The startup offers its services are available in 7 other countries across MENA and the GCC: Saudi Arabia, Tunisia, Kuwait, Qatar, Bahrain, Palestine and Iraq.
Also read: Mental wellness platform O7 Therapy raises $2.1m
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