By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Tatweer Misr breaks sales record in H1 2023
    Tatweer Misr breaks sales record in H1 2023
    September 25, 2023
    Real estate exports boost Egypt’s economy, Cityscape panel reveals
    Real estate exports boost Egypt’s economy, Cityscape panel reveals
    September 25, 2023
    SODIC reports 22% sales growth in 2023
    SODIC reports 22% sales growth in 2023
    September 25, 2023
    Huawei partners with Egypt to transfer modern technologies for digital transformation: Madkour
    Huawei partners with Egypt to transfer modern technologies for digital transformation: Madkour
    September 25, 2023
    HSBC plans climate tech funding push
    HSBC plans climate tech funding push
    September 25, 2023
  • Politics
    PoliticsShow More
    Presidential election in Egypt set for 10-12 December
    Presidential election in Egypt set for 10-12 December
    September 25, 2023
    Defence Minister meets NATO Military Committee chief
    Defence Minister meets NATO Military Committee chief
    September 25, 2023
    Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
    Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
    September 24, 2023
    Al-Sisi highlights opportunities for mutual benefit with China
    Al-Sisi highlights opportunities for mutual benefit with China
    September 24, 2023
    Egypt, India affirm their strategic partnership, discuss regional issues
    Egypt, India affirm their strategic partnership, discuss regional issues
    September 24, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: i’SUPPLY raises funds in MENA by $1.5m in a pre-seed round led by Disruptech
Share
Notification
Latest News
Presidential election in Egypt set for 10-12 December
Presidential election in Egypt set for 10-12 December
Politics Egypt
Tatweer Misr breaks sales record in H1 2023
Tatweer Misr breaks sales record in H1 2023
Business
Real estate exports boost Egypt’s economy, Cityscape panel reveals
Real estate exports boost Egypt’s economy, Cityscape panel reveals
Business
SODIC reports 22% sales growth in 2023
SODIC reports 22% sales growth in 2023
Business
Huawei partners with Egypt to transfer modern technologies for digital transformation: Madkour
Huawei partners with Egypt to transfer modern technologies for digital transformation: Madkour
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > i’SUPPLY raises funds in MENA by $1.5m in a pre-seed round led by Disruptech
Business

i’SUPPLY raises funds in MENA by $1.5m in a pre-seed round led by Disruptech

Daily News Egypt
Last updated: 2022/10/11 at 11:12 PM
By Daily News Egypt 4 Min Read
Share
i'SUPPLY raises funds in MENA by $1.5m in a pre-seed round led by Disruptech
SHARE

i‘SUPPLY — MENA’s first Tech-Enabled Distribution Marketplace set to connect pharma businesses and finance small/medium wholesalers and pharmacies — recently raised a total of $1.5m in a pre-seed round led by Disruptech Ventures among other investors.

“With an initial launch late in 2021, i’SUPPLY aims to transform the medicine wholesale distribution in MENA region and Africa by focusing on supporting and empowering the mid- and small-sized wholesalers and pharmacies,” said CEO of i’SUPPLY Ibrahim Emam.

Using the accumulations of 20 years of experience in formulating, shaping, and leading business and commercial strategies as a chief strategy and commercial officer at a leading pharmaceutical distribution company in Egypt, Emam is keen on delivering the value and industry-changing features the platform promises as it seamlessly connects different parts of the supply chain.

Emam elaborated that i’SUPPLY’s vision is to re-engineer the pharmaceutical industry by integrating technological solutions at all supply chain stages.

“The company is building a reliable and integrated network which enhances and augments traditional brick and mortar platforms with data-driven disruptive sales, distribution, and procurement solutions that optimise the procurement processes and provide a one-stop-shop solution that supports industry’s stakeholders to quickly predict and overcome supply chain disruptions,” he explained.

Working towards that vision, i’SUPPLY has seen exponential success and hyper growth in just four months since the launch, reaching $2m GMV, delivering 50K+ sales orders from 100+ wholesalers covering 10K+ SKUs, and having 5K pharmacies onboarded in Great Cairo over this short period of time.

This demonstrates the company’s solid understanding of the market and its extensive expertise and capabilities in the pharmaceutical distribution sector.

Moreover, i’SUPPLY’s strategic focus comes in line with Egypt moving forward with digital transformation tactics across the board, as the country is looking to allocate 7.7% of its GDP to AI by 2030, as mentioned in a report titled ‘The Potential Impact of AI in the Middle East’ that was published by PWC.

In light of this, Malek Sultan — Disruptech’s Co-Founder and Partner — said” “We at Disruptech are very excited to be part of iSupply’s journey, we always stand by and back strong founders like Ibrahim and iSupply’s founding team. We believe that Ibrahim and his team will create a real positive disruption in the industry.”

The technology behind i’SUPPLY is built with different stakeholders in mind to create a seamless experience for each of them using advanced AI algorithms as Mostafa Zaki — i’SUPPLY’s Chief Technology Officer — explains.

“At i’SUPPLY, we remain focused on adopting the latest and most advanced technologies while responding to dynamic business requirements in the most agile, consistent, and structured manner. The goal of our technical team is to provide our users with the most personalised experience possible using AI engines backed by data sources fully integrated with all systems in the market,” he said.

Finally, over the upcoming 12 months, i‘SUPPLY is planning on covering all of Egypt, targeting 60K pharmacies. i’SUPPLY also plans on launching distribution and financing services. Moreover, i’SUPPLY is planning to expand regionally to Africa and MENA.

You Might Also Like

Tatweer Misr breaks sales record in H1 2023

Real estate exports boost Egypt’s economy, Cityscape panel reveals

SODIC reports 22% sales growth in 2023

Huawei partners with Egypt to transfer modern technologies for digital transformation: Madkour

HSBC plans climate tech funding push

TAGGED: i'SUPPLY
Share this Article
Facebook Twitter Email Print
Previous Article Contact signs cooperation protocol with Estadat Sports investment Contact signs cooperation protocol with Estadat Sports investment
Next Article CBE hosts training programme on challenges facing central banks in COMESA in field of supervision, control CBE hosts training programme on challenges facing central banks in COMESA in field of supervision, control
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Presidential election in Egypt set for 10-12 December
Presidential election in Egypt set for 10-12 December
Politics Egypt
Tatweer Misr breaks sales record in H1 2023
Tatweer Misr breaks sales record in H1 2023
Business
Real estate exports boost Egypt’s economy, Cityscape panel reveals
Real estate exports boost Egypt’s economy, Cityscape panel reveals
Business
SODIC reports 22% sales growth in 2023
SODIC reports 22% sales growth in 2023
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?