Grace Ashiru
Grinta, a fintech-driven B2B digital platform revolutionizing the pharmaceutical supply chain, has extended its reach within the country by acquiring Alexandria-based online pharmacy, Auto-Cure.Grinta is a regulated marketplace that revitalizes the pharmaceutical supply chain by empowering independent pharmacies. It was founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed.
Through its comprehensive end-to-end platform, Grinta provides access to a complete array of traceable pharmaceutical and medical products alongside services like fulfillment, demand forecasting, and inventory finance.
Intending to establish a data-centric, reliable, and efficient pharmaceutical supply chain, the company is fostering collaboration among all stakeholders throughout the value chain. This includes producers, distributors, wholesalers, and pharmacies.
In the latter part of the previous year, Grinta secured an $8 million seed round, subsequently acquiring Auto-Cure, a B2B e-commerce platform catering to independent pharmacies based in Alexandria.
Grinta CEO Mohamed Azab emphasized, “The acquisition of Auto-Cure showcases Grinta’s commitment to providing value to its clients and strengthening its footprint in the Egyptian market.”
Since its establishment in 2021, Grinta has acquired two other enterprises: EME, a software development firm, and PH Store, a comparable digital platform based in northern Egypt. This strategic expansion has enabled the company to make significant headway, spanning nine governorates within Egypt. During this time, Grinta has successfully facilitated the delivery of over 200,000 items and served more than 7,000 pharmacies.
“We are excited about our collaboration with Grinta; our shared commitment to digital transformation and customer satisfaction has motivated us to become part of Grinta’s exceptional team. This partnership will not only extend our presence in Alexandria but also across the Middle East and Africa,” stated Mohamed Rezk, Auto-Cure’s founder and CEO. He further emphasized, “We’ve opened up a realm of opportunities.”
In the past 18 months, Auto-Cure has served 450 pharmacies and successfully processed and dispatched 5,000 orders.
