medznmore funding

Written by Paradigm Shift 12:19 pm Pakistan Unveiled

MEDZnMORE of Pakistan Raises Biggest Healthcare Funding

MEDZnMORE was founded amidst the pandemic in the hopes of revitalizing the healthcare industry in Pakistan. The healthcare startup aims to increase the accessibility of authentic medicine and services across the country. With its recent performance in securing immense funding, it’s surely on its way to achieving its goal.
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MEDZnMORE, a healthcare-tech startup in Pakistan, was founded by Asad Khan, Saad Khawar and Babar Lakhani in 2020. MEDZnMORE previously raised $2.6 million in seed funding in September 2020 and is now operational in three major cities: Islamabad, Lahore, and Karachi.

“We will be expanding to up to eight new cities by the end of this year,” CEO Asad Khan said. “In a market of over 220 million people, where public healthcare spending is only 1.2 percent of the Gross Domestic Product, and where 55 percent of all healthcare spending is out-of-pocket, people generally rely on medicines to alleviate their suffering, rather than spend on prohibitively expensive medical procedures…At MEDZnMORE our aim is to make health and wellness products available in all corners of the country.”

MEDZnMORE has currently raised over $11.5 million in pre-series A round funding, the largest ever funding raised by a healthcare startup. It provides its services to both business-to-business (B2B) and business-to-consumer (B2C) channels through TezMedz and Tabiyat.pk respectively.

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