Egypt-based Grinta has secured an undisclosed funding round led by RAED Ventures and Beltobe Venture Capital. The company also acquired the Citi Clinic health chain.

More to Know:

• Grinta was founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Tag.
• It enables pharmacies to access pharmaceutical and medical products from suppliers and manufacturers.
• Its solutions include fulfilment, demand planning, and inventory financing.
• The acquisition of Citi Clinic will strengthen its presence in Egypt and expands its healthcare offering, according to its statement.
• In August 2023, Grinta acquired its counterpart, Auto-Cure, to expand its footprint in Egypt.
• Currently operating in Egypt and Tanzania, Grinta aims to expand further across Africa
• In 2022, it closed a $8 million funding round led by RAED Ventures

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