Cairo-based pharmaceutical startup Grinta has secured an undisclosed amount of funding and acquired Citi Clinic, a leading primary healthcare service chain in Egypt, as part of its strategic expansion efforts. The funding round was led by Beltone Venture Capital and Raed Ventures.
Founded in 2021, Grinta operates as a fintech-enabled B2B platform aimed at digitising the pharmaceutical supply chain. The company works with manufacturers, distributors, wholesalers, and pharmacies to create a data-driven and efficient supply system, enhancing accessibility to pharmaceutical and medical products.
The recent acquisition of Citi Clinic marks Grinta’s entry into the healthcare sector, providing it access to over 150,000 patients. This move aligns with Grinta’s strategy to integrate online and offline healthcare services, thereby reshaping how healthcare is delivered in the region.
Grinta had previously raised $8 million in a seed funding round in late 2022 and acquired another e-commerce platform, Auto-Cure, in 2023 as part of its ongoing operational expansion and service diversification.
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