About DrugStoc
DrugStoc is a company based in Ikeja (Nigeria) founded in 2015.. DrugStoc has raised $4.4 million across 3 funding rounds from investors including Visa, Edves and Riby. DrugStoc offers products and services including Procure Direct, DrugStoc Credit, and RxDelivery. DrugStoc operates in a competitive market with competitors including API Holdings, giftHEALTH, Pharmacist Bang, Remedial Health and PharmacyMarts, among others.
- Headquarter Ikeja, Nigeria
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Drugstoc Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.4 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Visa
& 9 more
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Employee Count
Employee Count
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Products & Services of DrugStoc
DrugStoc offers a comprehensive portfolio of products and services, including Procure Direct, DrugStoc Credit, and RxDelivery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing pharmaceutical and medical product sourcing
Offers loans for inventory and business scaling
Facilitates rapid delivery of medical supplies
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Funding Insights of DrugStoc
DrugStoc has successfully raised a total of $4.4M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Grant - DrugStoc | Valuation |
investors |
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| Nov, 2021 | Amount | Series A - DrugStoc | Valuation | Asia Africa Investment and Consulting | |
| Jun, 2019 | Amount | Seed - DrugStoc | Valuation | Growth Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DrugStoc
DrugStoc has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Visa, Edves and Riby. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in healthcare startups
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Founded Year | Domain | Location | |
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VestedWorld is engaged in investing in African entrepreneurs for growth.
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Founded Year | Domain | Location | |
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Private equity firm focused on growth equities
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DrugStoc
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DrugStoc
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drugstoc Comparisons
Competitors of DrugStoc
DrugStoc operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as API Holdings, giftHEALTH, Pharmacist Bang, Remedial Health and PharmacyMarts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital healthcare tools are offered for pharmacies and clinics management.
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| domain | founded_year | HQ Location |
Provider of supply chain management platform
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| domain | founded_year | HQ Location |
A mobile marketplace is provided for pharmacists and pharmaceutical companies.
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| domain | founded_year | HQ Location |
Supply chain management software is provided for pharmacies and insurers.
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| domain | founded_year | HQ Location |
Online supply chain management platform for medical suppliers
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| domain | founded_year | HQ Location |
Cloud-based supply chain management is provided for pharmacies and hospitals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drugstoc
Frequently Asked Questions about DrugStoc
When was DrugStoc founded?
DrugStoc was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is DrugStoc located?
DrugStoc is headquartered in Ikeja, Nigeria. It is registered at Ikeja, Lagos, Nigeria.
Who is the current CEO of DrugStoc?
Chibuzo Opara is the current CEO of DrugStoc.
Is DrugStoc a funded company?
DrugStoc is a funded company, having raised a total of $4.4M across 3 funding rounds to date.
What does DrugStoc do?
Provider of procurement platform for pharmacies, clinics, and healthcare organizations. The platform assists healthcare professionals to manage their supply chain processes by ordering medications, medical devices, and consumables for patients. The app also enables the professionals to customize their own profile, view the purchase lists, manage payment solutions as well as keep track across the whole value chain right from the manufacturer to the patient.
Who are the top competitors of DrugStoc?
DrugStoc's top competitors include API Holdings, giftHEALTH and Pharmacist Bang.
What products or services does DrugStoc offer?
DrugStoc offers Procure Direct, DrugStoc Credit, and RxDelivery.
Who are DrugStoc's investors?
DrugStoc has 10 investors. Key investors include Visa, Edves, Riby, Asia Africa Investment and Consulting, and VestedWorld.