Healthwire, a health tech business that operates one of Pakistan’s largest horizontally integrated ecosystems of healthcare service providers, has raised $3.3 million in venture capital.
47 Ventures, Habib Bank Limited, Dilsons Private Limited, and angel investors from Silicon Valley all participated in the round.
Hamza Iqbal, a graduate of the Lahore University of Management Sciences (LUMS), launched Healthwire with the goal of making great healthcare accessible and cheap to all Pakistanis.
Healthwire has been entirely focused on digitizing the operations of doctors, clinics, hospitals, laboratories, and pharmacies from its beginning, and today has the largest and most widely integrated platform of thousands of health care service providers in over 60 Pakistani cities.
In a statement, co-founder and Chief Technology Officer Healthwire Muhammad Nabeel said “The patient-doctor interaction is the point where the whole healthcare ecosystem converges. By having this interaction on our health-tech platform, we can ensure that quality healthcare is accessible to patients in the remotest areas of the country. The economies of scale of the tech platform allow us to ensure that this access is affordable and inclusive.”
Managing Director 47 Ventures Khurram Zafar, who is a seed investor in Healthwire said, “We are excited to be doubling down on one of the stars in our portfolio. The growth and momentum that Healthwire has built even during the tough COVID period is a testament to the strength and resilience of the team. It is destined to become the health tech leader of Pakistan.”
Commenting on the occasion, Chief Operating Officer HBL Sagheer Mufti said: “HBL is excited to invest in Healthwire, as it is an integrated healthcare digital platform. It will ease the customer journey and improve the quality of healthcare, particularly multiple healthcare providers.
Through the provision of embedded banking service providers like hospitals, clinics, labs, health insurance providers, and pharmacies will be able to serve, patients more effectively. HBL and Healthwire partnership seek to expand access to quality and convenient healthcare in Pakistan. With the Healthwire investment. and collaboration, digital financial inclusion will be widened, reaffirming HBL’s commitment to be a technology company with a banking license.”
On their investment in Healthwire, Director Dilsons Private Limited Hassan Sheikh said: “Dilsons strategy to invest in Digital Healthcare fits well with integrated solution provider Healthwire. This gives us an opportunity to be part of the Digital Health ecosystem that will shape the future of health tech.
This partnership will enable us to be a part of Pakistan’s leading digital healthcare platform for disease management with strong capabilities and eventually leading to better healthcare outcomes for patients.”
Healthwire has launched a web and mobile application for patients to connect with healthcare service providers, extending its strong position in the healthcare ecosystem.
Every single day, the site connects over 10,000 patients with doctors. The business plans to use the funds to accelerate its expansion and become Pakistan’s healthcare super app.
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