Pakistan’s Healthwire raises $700,000 from 47 Ventures in pre-Series A round

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LAHORE: Healthwire, a health-tech startup focused on aggregating all stakeholders of the healthcare ecosystem on its platform and providing a seamless digital healthcare experience to patients, has raised $700,000 from 47 Venture Investments in a pre-Series A financing round.  

Talking to Profit, Healthwire founder and CEO Hamza Iqbal confirmed that the said funds had been received by the startup, further disclosing that the plans are to raise another $4-5 million in Series A round within the next 12 months. 

The startup said that it’s practice and hospital management software has been deployed at 1,200 locations across 45 cities of the country where 3,500 doctors have been using its services, making it the most widely-deployed eHealth platform on the supply side of the healthcare ecosystem.

According to a statement, the company’s business model is based on connecting doctors with patients from the remotest areas of Pakistan, digitising all health records, and eventually making healthcare affordable for the masses. 

“With the recently launched applications, Healthwire has now enabled patients to book appointments online with thousands of doctors,” the statement further read.  

“We have been fixated in solving the fundamental problem of unavailability of patient health information digitally,” said Hamza. “Our focus on solving this basic problem has now facilitated us to aggregate all stakeholders in the healthcare ecosystem,” he added. 

The CEO elaborated that the startup has now enabled patients to access their health records and book appointments with doctors, with plans to bring laboratories and pharmacies on their platform to give patients a seamless experience throughout their healthcare journey. 

47 Venture Investments Country Manager Khurram Zafar said that thus far, Healthwire had executed flawlessly to acquire the largest supply-side share in the health care service provider space. “With the  injection of new capital, we look forward to the company rapidly expanding and growing the patient side share of the market and providing a 360-degree healthcare solution to the masses,” Khurram added. 

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