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Egyptian Telemedicine Startup Estshara raises $500,000 in Seed round

Estshara, an Egyptian healthtech startup and teleconsultations platform, has raised $500,000 in a seed funding round led by Egypt Ventures.

Founded by Amin El-Hemaily and Ahmed Mahmoud, Estshara is an online platform providing health consultations and telepharmacy services to a vast number of patients, including employees of private enterprises and partner medical insurance companies.

The startup plans on employing its newly acquired $500,000 fund to expand its current user base from two million to six million by the end of the year, as well as further develop its offerings and customer care activities.

With the increasing need and preference for remote digital solutions, Estshara has been especially helpful for patients since the beginning of the pandemic.

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Founder and CEO of the startup, Dr. Amin Elhemaily concludes “The investment will help us scale our organisation with exceptional talent and enhanced resources, as well as further increase our marketing and sales outreach to support our focused go-to-market strategy and achieve our expansion goals.” 

Currently serving two million users, with a track record of more than 200,000 consultations to date, Estshara is on the path to leave its mark on the healthtech industry.

Egypt Ventures Chairman & CEO, Ahmed Gomaa said: “We are excited to see this promising healthtech player, Estshara, contributing to digital transformation and financial inclusion in the Egyptian market.”

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By the end of 2021, Estshara will additionally be providing consultations from specialty doctors including pediatricians, dermatologists.

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