Online Pharmacy Startup MedEasy Secures $750,000 In Seed Funding

The funds raised will be strategically allocated to bolster customer acquisition, refine operations, and enhance the platform’s features.

MedEasy, a Dhaka-based online pharmacy startup, has successfully closed a seed funding round, raising $750,000. The investment is aimed at expanding its services and bridging the healthcare gap in Bangladesh. The funding round was led by Seedstars International Ventures, Doha Tech Angels, Startup Bangladesh Limited, Accelerating Asia, and nVentures, with additional participation from various angel investors.

Co-founder & CEO of MedEasy, Arefin Zaman, stated that the funding validates the company’s efforts and will allow them to refine their operations and enhance the platform’s features. The funds will be allocated strategically to bolster customer acquisition and fuel R&D endeavours.

Patricia Sosrodjojo, General Partner at Seedstars International Ventures, emphasized MedEasy’s unique approach to tackling healthcare challenges. “MedEasy’s nuanced understanding of Bangladesh’s unique challenges caught our attention. They aren’t just digitizing processes; they’re reshaping healthcare experiences for a demographic often overlooked,” she said.

Sami Ahmed, Managing Director of Startup Bangladesh Limited, also expressed optimism about MedEasy’s potential impact. He remarked that MedEasy provides a much-needed solution in the Bangladesh market and, with proper focus and strategy, it should make a significant impact on the lives of the Bangladeshi people.

According to a press handout, the startup has ambitious plans for the future. Among these are the introduction of a subscription-based feature, a digital vital monitoring system, and an appointment-booking marketplace.

Article published in The Daily Star