Saturday, July 19, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Kenya’s MyDawa aims to be an all-in-one health platform backed by $20 million funding

Simon Osuji by Simon Osuji
July 3, 2023
in Technology
0
Kenya’s MyDawa aims to be an all-in-one health platform backed by $20 million funding
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Kenyan e-health startup MyDawa has raised $20 million from private equity investor Alta Semper Capital to expand its regional reach and product offerings with the aim of becoming an all-in-one health platform for users.

MyDawa, which launched in 2016, has diversified from an e-pharmacy to include online and in-person consultations, as well as laboratory services at its expanding network of walk-in pharmacies and health centers.

It has also launched its own branded products, and plans to open up its technology infrastructure from telehealth to fulfillment, helping other businesses in the health sector to scale. It claims to have already inked deals with some of Kenya’s biggest clinic chains, which are looking to expand their reach.

Additionally, MyDawa has acquired Uganda’s Guardian Health, one of the many acquisitions and collaborations it aims to make as it expands beyond Kenya. The growth plans will be steered by new CEO Priscilla Muhiu, formerly of Glovo Kenya.

Commenting on the funding and newest acquisition, MyDawa co-founder Neil O’Leary said: “Alta Semper’s ambition exactly matches that of MyDawa, and it brings the drive, connections and clout to succeed. Three years ago, AAIC, a Japanese-backed African healthcare fund, joined as our first external investor and now the team has been augmented in the strongest manner possible.”

“MyDawa now has both a solid secure base and a great expansion opportunity based on a great offering which improves health outcomes. Guardian is a great first step on fulfilling our ambition,” O’Leary added.

MyDawa raised $3 million from AAIC’s Africa Healthcare Fund in 2019, and has also received $1.2 million grant funding from the Bill & Melinda Gates foundation to fight the spread of HIV/AIDS by increasing access to PrEP (Pre-Exposure Prophylaxis) medication.

Alta Semper CEO Afsane Jetha, said the investment marked the PE firm’s first entry into digital healthcare in Africa, regarded as one of the sectors with the potential for great growth in the coming years.

“MyDawa was the logical choice for us as their groundbreaking technology, underpinning a scalable business model, along with regulatory knowhow and market entry experience, mapped so well to our own strategy. The drive to increase the access to good advice and safe and affordable medication is core to our overall mission of democratizing access to health and well-being across the African continent,” said Jetha.

“With consumer spending in Africa projected to reach $2.1 trillion by 2025, this represents one of the continent’s largest business opportunities. Therefore, the investment into MyDawa is part of our strategic aim at meeting this growing demand by investing in locally produced and value-priced consumer goods and services.”

Source link

Related posts

Customs seizes 420kg Pangolin scales in Kano – EnviroNews

Customs seizes 420kg Pangolin scales in Kano – EnviroNews

July 19, 2025
Climate justice movements celebrate African leadership in rejecting solar geoengineering at AMCEN – EnviroNews

Climate justice movements celebrate African leadership in rejecting solar geoengineering at AMCEN – EnviroNews

July 19, 2025
Previous Post

Researchers create antenna for nanoscale light sources using unusual placement of semiconductor material

Next Post

5 unexpected ways AI is revolutionizing our World

Next Post
5 unexpected ways AI is revolutionizing our World

5 unexpected ways AI is revolutionizing our World

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Crypto Influencer NFT God Says Binance Security Team Has Recovered Some of His Stolen Funds

Crypto Influencer NFT God Says Binance Security Team Has Recovered Some of His Stolen Funds

2 years ago
Tau PET shows promise for early diagnosis and treatment of Alzheimer’s disease

Multimodal intervention approach shows promise in managing and reversing cognitive impairment

2 years ago
How to Plan Your First African Safari

How to Plan Your First African Safari

4 months ago
Fruitful Discovery: Pregnancy Diet Influences Brain Health across Generations

Fruitful Discovery: Pregnancy Diet Influences Brain Health across Generations

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.