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Lifestores Healthcare Raises $3M To Expand Its Pharmaceutical Marketplace Across Nigeria

Lifestores Healthcare Raises $3M To Expand Its Pharmaceutical Marketplace Across Nigeria

10/12/22, 10:33 AM
Location
lagos
Money raised
$3 million
Industry
health care
Round Type
seed
Africa’s $45 billion pharmaceuticals market is expected to grow 10% CAGR to $100 billion by 2030. Yet, the sector struggles with highly fragmented and undercapitalized supply chains rife with fake medications, which cause the death of thousands of patients yearly; in Nigeria, 20-40% of drugs are counterfeit.

Company Info

Company
Lifestores Healthcare
Location
lagos, nigeria
Additional Info
Lifestores Healthcare is using technology to democratize access to quality and affordable primary healthcare in Africa. We believe in a world with equal access to essential primary healthcare in Nigeria and Africa at large, regardless of who you are, what you earn, or where you live. We are building the digital infrastructure to transform access to care. We started our journey as a chain of pharmacies and have leveraged this DNA to create a dynamic tech platform called PharmIQ to enable healthcare providers to better serve their patients. We’re working hand-in-hand with pharmacists, who are the everyday heroes of frontline healthcare in underserved markets. Under Lifestores Healthcare, Our Lifestores Pharmacy network, which is a frontline primary health care provider in Nigeria offers access to guaranteed genuine medications at a reasonable cost, along with the clinical support you need to stay healthy which is in line with our goal of democratizing primary health care in Nigeria and across Africa. We also offer convenient delivery options and patient education programs. Also, OGApharmacy, our digital pharmaceutical marketplace enables hundreds of pharmacies to combine their purchasing needs and simplify access to medications directly from manufacturers/suppliers.

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