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.
Platform for managing pharmaceutical and medical product sourcing
Offers loans for inventory and business scaling
Facilitates rapid delivery of medical supplies
People of DrugStoc
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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 |
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.
| 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 |
Investments & Acquisitions by DrugStoc
Financial Statements - DrugStoc
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.
| 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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Frequently Asked Questions about DrugStoc
DrugStoc was founded in 2015 and raised its 1st funding round 4 years after it was founded.
DrugStoc is headquartered in Ikeja, Nigeria. It is registered at Ikeja, Lagos, Nigeria.
Chibuzo Opara is the current CEO of DrugStoc.
DrugStoc is a funded company, having raised a total of $4.4M across 3 funding rounds to date.
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.
DrugStoc's top competitors include API Holdings, giftHEALTH and Pharmacist Bang.
DrugStoc offers Procure Direct, DrugStoc Credit, and RxDelivery.
DrugStoc has 10 investors. Key investors include Visa, Edves, Riby, Asia Africa Investment and Consulting, and VestedWorld.