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Grinta is a fintech-enabled B2B tech platform based in Cairo, Egypt, that modernizes the pharmaceutical supply chain in Africa, focusing on independent pharmacies. The company provides a digital distribution channel for traceable medical products, fulfillment, demand planning, and inventory financing, leveraging AI/ML to serve over 14,000 registered pharmacies, along with manufacturers, distributors, and wholesalers. With approximately 300 employees and offering 20,000+ SKUs, Grinta has delivered more than 100,000 orders in the last year and expanded its operations across seven governorates in Egypt, including strategic acquisitions like PH Store and Auto-Cure. Grinta has raised a total of $9.5 million in funding, with its $8 million Seed VC-II round in 2023 co-led by Raed Ventures and Nclude, and additional investment from Endeavor Catalyst and 500 Global. The organization was founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed.
Grinta has raised $8.0M across 1 funding round.
Grinta has raised $8.0M in total across 1 funding round.
Grinta has raised $8.0M in total across 1 funding round.
Grinta's investors include Adeyemi Ajao, Cometa, Endeavor Catalyst, Endeavor Venture Funds, Fifth Wall, Global Ventures, M13, Partners Resolute, Seaya Ventures, TheVentureCity, Unpopular Ventures, Chung Ng.
Grinta has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Seed in November 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2022 | $8M Seed | — | Adeyemi Ajao, Cometa, Endeavor Catalyst, Endeavor Venture Funds, Fifth Wall, Global Ventures, M13, Partners Resolute, Seaya Ventures, TheVentureCity, Unpopular Ventures, Chung NG, Kevin Laws, Louis Beryl | Announced |
Grinta is a fintech-enabled B2B technology platform founded in 2021 that modernizes the pharmaceutical supply chain by empowering independent pharmacies primarily in Egypt and expanding across Africa. It offers an end-to-end digital marketplace providing pharmacies access to a wide range of traceable pharmaceutical and medical products from multiple vendors, alongside services such as fulfillment, demand planning, inventory financing, and automated replenishment. By leveraging AI and machine learning, Grinta builds a data-driven, reliable, and efficient supply chain connecting manufacturers, distributors, wholesalers, and pharmacies. Recently, it has expanded its scope beyond B2B marketplace services to include direct patient care through acquisitions and plans to build a pharmacy chain in Tanzania, signaling growth momentum and geographic expansion[1][3][4][5].
Grinta was founded in 2021 by a group of entrepreneurs, pharmacists, and doctors with backgrounds in healthcare, digital transformation, and supply chain management. The idea emerged from the need to modernize and digitize the fragmented pharmaceutical supply chain in Egypt, focusing on empowering independent pharmacies with technology and financial tools. Early traction came from rapid user adoption, registering over 14,000 pharmacies and fulfilling more than 100,000 orders within its first year. Strategic acquisitions such as PH Store, EME (a software development company), Auto-Cure, and Citi Clinic helped Grinta expand its technological capabilities and pivot towards integrated healthcare services[1][3][4][5].
Grinta rides the global trend of digital transformation in healthcare and pharmaceutical supply chains, particularly in emerging markets where traditional supply chains are fragmented and inefficient. The timing is critical as Africa’s healthcare sector increasingly adopts technology to improve access, affordability, and transparency. Market forces such as rising demand for traceable pharmaceuticals, the need for inventory financing, and the digitization of healthcare services favor Grinta’s integrated platform approach. By bridging multiple stakeholders and incorporating fintech solutions, Grinta influences the broader ecosystem by setting new standards for supply chain reliability and patient-centric care in Africa[1][3][5].
Grinta is poised to continue its rapid growth trajectory by deepening its healthcare services beyond pharmaceutical distribution, leveraging its acquisitions to integrate online and offline patient care. Future trends shaping its journey include increased adoption of AI-driven supply chain management, expansion into new African markets, and the growing importance of fintech in healthcare operations. As Grinta evolves, it may become a key player not only in pharmaceutical logistics but also in broader healthcare delivery across Africa, potentially transforming how medical services are accessed and managed on the continent[3][5].
This forward-looking vision ties back to Grinta’s founding mission to make quality healthcare accessible across Africa through technology and innovation.
