Health-tech startup Estshara raises US$500,000 seed funding round to expand its user base

EGYPTEstshara, a teleconsultations health-tech startup, has announced that it has raised US$500,000 in a Seed funding round led by Egypt Ventures.

The Cairo-based healthtech startup plans on employing its newly acquired fund to expand its current user base from two million to six million by the end of the year, as well as further develop its offerings and customer care activities.

The funding will allow the startup to grow faster, expand beyond its current offerings and scale up the organization with the fitting team and resources.

Estshara also plans to expand its customer care activities and enhance the quality of resources available on the platform, especially given this pivotal time for telehealth in the era of COVID-19 and beyond.

Egypt Ventures believes in the startup’s potential to make its mark on the health-tech market. “We are excited to see this promising health-tech player, Estshara, contributing to digital transformation and financial inclusion in the Egyptian market,” said Ahmed Gomaa, Chairman & CEO of Egypt Ventures.

The funding will allow the startup to grow faster, expand beyond its current offerings and scale up the organization with the fitting team and resources.

Founded by Amin El-Hemaily and Ahmed Mahmoud, Estshara serves a vast number of patients that include employees from private corporations and beneficiaries of its partner medical insurance companies such as MetLife, NEXtCARE (Allianz Partners), MedNet, and Al Ahly Medical Company.

Estshara currently serves two million beneficiaries, for which the platform has already provided more than 200 thousand consultations. The platform also offers telepharmacy services to its patients through its partner pharmacies such as Ezzeldeen, Sultan, and Yodawy.

Through its seamless application, the startup provides patients with medical consultations from family physicians. Estshara facilitates easy, efficient, and remote 24/7 access to doctors within 15 mins through chat and voice or video calls.

Estshara has been especially helpful for patients since the beginning of the pandemic, with the increasing need and preference for remote digital solutions like Estshara.

“The investment made by Egypt Ventures will help us scale our organization with exceptional talent and enhanced resources, as well as further increase our marketing and sales outreach to support our focused go-to-market strategy and achieve our expansion goals,” Amin El-Hemaily, Founder and CEO of Estshara, said.

By the end of 2021, Estshara will additionally be providing consultations from specialty doctors including paediatricians, dermatologists, gynaecologists, psychiatrists, and nutritionists.

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