Egyptian Healthtech Startup Yodawy Raises USD 10 M Funding

Egypt-based investment fund management company Ezdehar has acquired a minority stake in the Egyptian healthtech Yodawy for USD 10 M. The investment marks Ezdehar’s debut in the healthtech space and falls within its strategy of supporting startups through its Mid-Cap Fund II. The investment will support Yodawy’s growth plans, including expanding its customer base and technology-enabled prescription fulfilment capabilities and creating more value in the healthcare services market.

Yodawy’s platform allows insurance companies and hospitals to automate approvals, save costs and improve customer experience. Also, pharmacies get an online presence and boost sales via Yodawy e-commerce offering, which patients (via employer-led medical schemes) can benefit from as they get their medicines and drugs delivered to their doorsteps.