Meet Pharmacy Marts, Startups of the Year 2024 Nominee

Hey Hackers,

Pharmacy Marts has been nominated in HackerNoon's annual Startups of The Year awards in Cairo, Egypt.

Please vote for us here:

Read more about us below to understand why we deserve your vote.

Meet Pharmacy Marts

Pharmacy Marts is a digital marketplace that connects pharmacies and medical suppliers to easily, conveniently and quickly access and receive medicine, cosmetics and medical supplies.

At Pharmacy Marts we are working to overcome the challenges that the health-tech sector is facing.

30% of pharmacists’ day is consumed between manual stock tracking and phone calls with suppliers to check product availability and prices. Our service is a one-stop tech-enabled platform that pharmacists can use to instantly check product availability, compare prices and get optimum deals for their daily needs.

Cash flow problems due to strict payment plans set by suppliers, restrict pharmacists from buying the products they need. That's why we offer tailored payment plans to empower pharmacists to grow their revenue sustainably.

Our service also overcomes inconvenient delivery times and methods, as we offer same day delivery, bundled orders and multi-address delivery.

Pharmacy Marts is on a mission to expand into further verticals to enhance business support initiatives and build a highly efficient pharmaceuticals supply chain.

Learn more about us here.

How Pharmacy Marts achieved product-market fit

We created a service that not only ends the long manual ordering process for pharmacists but also helps them save time, effort and money. In the last three years, we have expanded into 4 cities and acquired 15% of Egypt's Pharmaceutical Market.

We did that through creating a platform where pharmacists can order their daily needs instantly without the hassle of long phone calls. Our service gives clients the opportunity to order their daily needs from one place, compare prices from different suppliers, enjoy exclusive offers, choose between different payment methods including flexible payment plans with our Buy Now, Pay Later service and receive their consolidated order within 24 hours.

The evolution of Pharmacy Marts

To build a startup means going through periods of trial and error and we've built blocks along the way to connect the lines to help achieve and see actual success. Our startup was based on years of market research and a deep understanding of a pharmacist's ordering journey.

In the past few years, we turned an idea into a fully functioning platform that has received global recognition. Through our platform we have changed customer behavior and introduced a convenient way for pharmacists to order their needs. Any update that we make on our platform is with the consumers and their needs in mind in order to create a unique and hassle-free user experience and increase medicine access.

Milestones and achievements

The following is a list of local and global awards and recognitions that Pharmacy Marts has been recognized and celebrated for:

• Northern Africa Startup Awards Health Tech Startup of the Year Regional Winner
• Yale Africa Startup Review Selectees
• Empower Africa Top AI Pioneers in the Region
• Health 2.0 Outstanding Leadership Award
• EEA Awards Nomination for Digital Solutions and Customer Experience Award
• AfricArena Best Series A Startup ‘23
• AfricArena Best Seed StartUp in North Africa ‘22
• Viva Technology AfricaTech Awards: 15 Most Promising Healthtech Startups in Africa 2024
• Google for Startups Growth Academy: AI for Health 2023 Participant
• VC4A Venture Showcase Africa 2023 Program Selectees
• Viva Technology AfricaTech Awards: 15 Most Promising Healthtech Startups in Africa 2023
• JeuneAfrique: Africa Top 20 Future Tech Champions
• Challenge Maroc:  4 African Startups That Will Revolutionize Our Health
• 101 Top Arab World Pharmaceutical Companies and Startups
• FinTech Egypt’s Latest Report by the Central Bank of Egypt (CBE) 2022 & 2023
• Attended Web Summit as part of the official Egyptian Delegation
• Sultan Hussein's Innovation Hub Inaugural Cohort- Plug and Play Egypt
• 925 Egypt: Small Businesses 2.0: Your One-Stop Shop!

Lessons learned

Our biggest challenge thus far has been changing consumer behavior. For years pharmacists have been ordering their products in a certain way and we entered the market because we saw a need to improve the supply chain and increase access to essential medicine, medical supplies and cosmetics.

Through education, information, research and consistency we have been able to shift behavior that benefits clients and their overall business. Through our platform pharmacists save 30% of the time that it takes to make orders and up to 5% of their monthly ordering budget.

What Startups of The Year means to us

Over the last few years, our work has received international recognition, and we recognize the value that participating in HackerNoon’s Startups of the Year offers. Moreover, it gives us the chance to raise awareness about the challenges that the pharmaceutical sector faces and how through our technology, service and platform we are working to eradicate these challenges in order to improve the supply chain, benefit pharmacists and serve patients in need.

Conclusion

We are grateful for the supportive ecosystem that has allowed our platform to flourish, and we look forward to continuous growth in order to impact and revolutionize the HealthTech Sector.

!