- Strategic Investment: Ezdehar, a direct investment fund management company, has secured a $10 million minority stake in Yodawy through the Ezdehar 2 mid-cap fund, signaling a strategic move to strengthen Egypt’s digital health landscape and contribute to innovation in the healthcare sector.
- Comprehensive Healthcare Platform: Yodawy, led by CEO Karim Khashaba, is dedicated to creating a comprehensive healthcare platform to address existing challenges in the sector.
- Expansion and Technological Enhancement: The financial injection from Ezdehar is set to propel Yodawy’s expansion initiatives, including broadening its customer base, upgrading technology for prescription fulfillment, and adding value to the healthcare services market.
Ezdehar, a direct investment fund management company, has acquired a minority stake in Yodawy, a rising medical technology firm, marking a significant advancement in fortifying Egypt’s digital health landscape, as per a company statement.
The strategic acquisition, valued at $10 million through the Ezdehar 2 mid-cap fund, underscores the company’s dedication to fostering innovation and growth in the healthcare sector.
Under the leadership of CEO Karim Khashaba, Yodawy focuses on creating a comprehensive healthcare platform to overcome existing challenges in the healthcare sector.
Collaborating with numerous insurance companies and healthcare service providers, Yodawy’s extensive network includes 35 health insurance and healthcare service companies, over 800 corporate clients, 20 hospitals, 30 clinics, and 3,000 pharmacies across Egypt.
This network enables the swift delivery of medical prescriptions for both chronic and non-chronic conditions, with over 6 million prescriptions successfully distributed since its inception.
Ezdehar’s financial injection is poised to fuel Yodawy’s expansion plans, including widening its customer base, enhancing technology for prescription fulfillment, and creating additional value in the healthcare services market.
This investment scales up Yodawy’s operations and contributes to the overall evolution of digital health in Egypt.
Amir El-Sharqy, General Manager of Ezdehar, commended Yodawy’s innovative approach to bridging the gap in prescription and delivery services, establishing a successful model benefiting patients and healthcare providers.
Ezdehar’s diverse investment base includes international institutions such as the European Bank for Reconstruction and Development, European Investment Bank, BAE Group, Netherlands Development Bank, International Finance Corporation, Egyptian-American Enterprise Fund, and the Belgian Investment Company for Developing Countries, along with Egyptian banks and other investment entities.
In February 2023, the digital healthcare startup raised $16 million in a Series B round.
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