Chefaa secures pre-Series A investment
Spurce: Afrikanheroes
Egypt-based on-demand medicine delivery platform Chefaa, has raised a seven-figure (USD) Pre-Series A, without disclosing the exact size of the investment.
The money came from 500 Startups (who are following-on), Vision Ventures, Womena and few other investors. Chefaa had previously raised a six-figure seed from 500 Startups, Flat6Labs and a few angel investors in August last year.
“Chefaa is merging ecommerce with the pharmaceutical industry and positioning itself to lead the digital transformation of the pharmaceutical industry. With the capital, we have just raised and support of partners like 500 Startups, Vision Wentures and Womena, we are focused on scaling efficiently and sustainably,” Doaa Aref, the co-founder and CEO of Chefaa, said Doaa Aref and Dr. Rasha Rady, co-founders of Cehfaa.
Hasan Haider, Managing Partner of 500 Startups MENA (500 Falcons), said: “In the current environment, any startup that can improve people’s lives and assist in social distancing measures is doing a service to all of us. We’re happy to be supporting Chefaa in providing people with a more efficient way to get their medication. The team behind Chefaa have done an exemplary job in executing their goals in a very short period of time, and we look forward to their ongoing success.”
“Health and personal care are basic needs for all humans. Our investment into Chefaa plays a part in ensuring that more people have easy access to basic medicine and personal care products. The team behind Chefaa has shown a deep understanding of the field that translated into great growth. We are glad to be part of their ambitious journey,” Kais Al Essa, Founding Partner & CEO of Vision Ventures said.
Founded in 2017 by Doaa Aref and Dr. Rasha Rady, Chefaa connects patients and pharmacies, enabling chronic patients to schedule, order, and refill their recurring prescriptions as well as other non-pharmaceutical products from pharmacies, through its web or mobile apps. The Egyptian startup claims to have fulfilled hundreds of thousands of orders to date.
