Recently, the Pakistani healthcare startup, Find My Doctor has successfully raised $5 million in a pre-series A funding round, which was directed by TPL e-Ventures, the investment arm of TPL Corp and TPL Insurance. The raised funding will be utilized for inaugurating dark stores, improving technology, and hiring new talent, read a company statement.
The Pakistani healthcare startup, Find My Doctor presently offers its services in seven of the biggest cities of Pakistan including Karachi, Lahore, Islamabad, Rawalpindi, Multan, Peshawar, Hyderabad while plans are in place to enter 10 more by the end of 2022. Aside from core tech, the Healthtech application will be enhancing its insurance-related services, backed by TPL Insurance.
With the Raised Funding Find My Doctor Will Explore New Products
“We are thrilled to achieve this milestone and will be scaling our operations significantly while experimenting with new products and services. Luckily, we now have the team in place as we have hired our leaders from Tesla, Bykea, and an insurance startup”, said Saad Siddiqui, founder, and CEO of Find My Doctor.
Although insurance is necessary for healthcare services around the world, in Pakistan it is yet to protect the wider population, vacating room for significant growth for any entity which can deliver reach and affordability, stated the firm. Find My Doctor seeks to offer its service both to the general public as well as the corporate sector.
The Pakistani Healthcare Startup is Working to Make Insurance More Accessible
“TPL Insurance continually utilizes the digital paradigm to disrupt the insurance industry. Our efforts are singularly focused on making insurance easier and accessible for all, as we look forward to building upon the same vision, set forth by Find My Doctor”, said Muhammad Aminuddin, CEO TPL Insurance.
The pre-series A funding round follows that of Taro Technologies, a Lahore-based emerging fintech startup, that raised $3.5 million in pre-seed funding through a variety of strategic alliances and angel investors to rollout a Buy-Now, Pay-Later (BNPL) venture in Pakistan.
Read more: Pakistani Fintech Startup ‘Taro Technologies’ Raises $3.5 Million in Pre-Seed Funding
Source: Brecorder
