Egyptian Medicine Delivery App Chefaa to Expand into Middle East After Scoring Big Investment
The investment will also go towards new products.
Egyptian health-tech startup Chefaa has scored a six-figure US dollar seed funding round from Flat6Labs and 500 Startups as it works towards the expansion of operations throughout the MENA region, and supporting the rollout of new products.
“We are currently serving nine Egyptian cities, including Delta and Upper Egypt, and we plan to cover Egypt entirely by the end of this year. We will start our expansion plans to the GCC region by the end of this year as well,” said Rasha Rady, co-founder and chief operating officer (COO) of Chefaa.
Established in 2017, Chefaa helps patients make scheduled medical orders through a real-time search engine, and schedule deliveries with the in-app GPS functionality. In an attempt to increase accessibility in the health-based industry, the platform also offers a dedicated CSR service that matches client donations with low-income patients.
Chefaa received pre-seed funding from Flat6Labs Cairo in 2018, as well as a social impact grant from the StartEgypt Initiative, and has now officially closed its seed round. The undisclosed investment that is allegedly around a six-figure US dollar count will be used to support the startup’s efforts to expand geographically and promote new products.
Chefaa is free-to-use for patients, with the startup charging participating pharmacies a commission fee on transactions. The platform also provides a subscription-based monthly package for patients with chronic illnesses, and charges a monthly subscription fees to medical and pharmaceutical companies in exchange for access to medical research and insights.
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