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Grinta: How This Egyptian HealthTech Startup is Reshaping the Future of Medical Services in Africa

StartUp Spotlight

Grinta: How This Egyptian Health-Tech Startup is Reshaping the Future of Medical Services in Africa

In a world where innovation has taken center stage, Egyptian health tech startup Grinta has emerged as a beacon of transformation within the healthcare and pharmaceutical industry.
 

With a vision to make quality healthcare accessible to all, Grinta has not only carved a niche for itself but is also redefining how Egyptians experience medical services.

Who is Grinta?

Grinta is a Fintech-enabled B2B tech platform that modernizes the pharmaceutical supply chain by empowering independent pharmacies.

The end-to-end platform offers a seamless and easy-to-use experience, giving access to the full spectrum of traceable pharmaceutical and medical products from multiple vendors and providing fulfilment, demand planning, and inventory financing.

The company works with all stakeholders across the value chain, manufacturers, distributors, wholesalers, and pharmacies, to build a data-driven, reliable, and efficient pharmaceutical supply chain.

What Do They Do?

At its core, Grinta is a digital pharmacy platform that offers an array of cutting-edge services, seamlessly integrating technology with healthcare.

Grinta’s Mission

Grinta’s mission is to make pharma accessible across all of Africa.

By leveraging the power of technology, they aim to improve healthcare outcomes while contributing to the growth and digitization of the pharmaceutical sector in Egypt and beyond.

Achievements

Grinta’s journey of success is underscored by significant achievements that have further propelled them towards becoming a healthcare industry disruptor:

Grinta’s commitment to expansion was recently highlighted by its strategic acquisition of Auto-Cure, a counterpart in the pharmaceutical technology space.

This move not only broadens Grinta’s footprint but also enhances its capabilities, allowing them to offer an even more comprehensive suite of services.

Grinta’s story is not just about business success; it’s about improving lives, transforming industries, and shaping the future of healthcare through innovative technology.

By seamlessly integrating technology with pharmaceutical services, they are transforming patient experiences and contributing to the entire industry’s digital transformation.

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Mobility fintech Moove secures $76 million funding to drive global expansion

New Investments

Mobility fintech Moove secures $76 million funding to drive global expansion

Moove, a leading technology-driven vehicle subscription platform, has raised an $76 million in its latest funding round consisting of $28m in equity from new and existing investors.

The substantial infusion of capital is set to propel Moove’s ambitious global expansion plans and enhance its innovative vehicle subscription offerings.

The funding round was led by Mubadala Investment Company (Mubadala), $10m venture debt from funds and accounts managed by BlackRock, and $38m in previously undisclosed funds raised during the prior twelve months.

This financial endorsement underscores the growing investor confidence in Moove’s disruptive business model and its potential to reshape the automotive industry.

Founded in 2020, Moove has been gaining traction for its unique approach to vehicle ownership, offering customers flexible and hassle-free vehicle subscription services.

Through its platform, customers can subscribe to vehicles on a monthly basis, providing an alternative to traditional ownership or long-term leasing arrangements.

The new funds will play a pivotal role in accelerating Moove’s international footprint.

The company’s expansion strategy aims to tap into various global markets, catering to diverse customer preferences and mobility needs.

The investment will also fuel the development of advanced technology solutions that enhance the user experience and streamline operations.

The success of this funding round not only highlights the attractiveness of Moove’s business model but also reflects the broader trends in the transportation and mobility sector.

As the automotive landscape evolves towards flexible and service-oriented solutions, Moove’s ability to secure significant funding underscores its potential to revolutionize how people access and utilize vehicles.

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