Egypt healthtech startup Estshara raises $500K seed funding

Cairo-based Estshara, a healthtech and teleconsultations startup has completed a $500K seed funding round led by Egypt Ventures (A multi-stage Egypt-focused investment vehicle). The new round sets Etshara on the map of promising healthcare startups in emerging markets.

Estshara was founded in 2018 by Ahmed Mahmoud and Amin El-Hemaily. This online platform offers healthcare consultations and telepharmacy services with over 200,000 consultations to date. The healthtech looks to utilize the funds in expanding its customer base from the current 2 million to 6 million and further develop its offering and customer care activities.

Ahmed Gomaa, Chairman & CEO of Egypt Ventures expressed excitement in Estshara’s contribution to the “digital transformation and financial inclusion in the Egyptian market.”