South African BusyMed raises new funding to accelerate expansion plans

Oluwajuwonlo Afolabi -

BusyMed, a South Africa-based healthtech startup has raised undisclosed additional funding to support its expansion plans and further improve access to pharmacies in the country.

  • The fund will enable the startup to increase its pharmacy base up to 300 by the year's end. It will also increase its talent base and improve its technology stack to offer automated and optimized digital healthcare services.
  • Founded in 2018, BusyMed is a healthtech startup providing access to products from local independent pharmacies, including home delivery within 60 minutes. It uses its platform to digitally connect consumers to pharmacies to widen access to consultations, products, medicine purchases, home delivery, and healthcare in South Africa.
  • E4E Africa, an entrepreneur-focused VC led by entrepreneurs, investors, and mentors invested in the latest round of BusyMed. The healthtech startup last raised funds in 2020, in a round led by LionPride.
  • Commenting on the investment, E4E Africa co-founder and managing partner, Bastiaan Hochstenbach says the investment firm is happy to back BusyMed in mitigating one of the critical challenges in emerging markets which is the lack of access to quality healthcare and medicine.