Pakistan’s Dawaai raises seven-figure investment for its online pharmacy and healthcare platform

Pakistan’s Dawaai raises seven-figure investment for its online pharmacy and healthcare platform

The statement did not disclose the size of the investment but we've confirmed that it is a seven-figure (USD) round with Sarmayacar being the largest investor in it.. Dawaai, according to its website offers free shipping of orders above PKR 500 ($3) across Pakistan.. The Karachi-headquartered startup that sources medicines directly from manufacturers and 'established distributors' claims to have grown over 6x in scale in the last twelve months.. The statement points out that Pakistan's pharmaceutical market is estimated to be at least $3 billion in size and growing at a double-digit rate, "Despite its size and growth, the sector remains extremely fragmented with incumbents including a handful of regional chains and a large number of single-location retail players reliant on an inefficient and expensive supply chain riddled with counterfeit products.. Dawaai instead sources products directly from manufacturers and established distributors to ensure authenticity and subsequently fulfills demand aggregated across the country through its managed end-to-end logistics function.".