Startup MGZN

This Saudi Arabian startup just raised it first investment

Saudi Arabian startup Saydl just announced the closure of its first undisclosed seed-investment round.

Saydl, is the first pharmaceutical platform in the region, launched in 2017 with the aim of improving services provided to clients. The platform makes it easier for the client to order and purchase all of their medical and/or pharmaceutical needs, in addition to locating any available medicines or products. Not only that, but the platform also offers clients instant pharmaceutical consultation through its app, which is connected to licensed pharmacists.

The startup is currently operating in a number of Saudi cities in partnership with licensed pharmacies. With the new funds, it’s planning to expand to other Saudi cities and other Middle Eastern countries, which will be done with the participation of investment companies and angel investors.

Abdullah AlKuhaimi, Founder of Saydl explains the vision of his startup saying: “The pharmaceutical & medical services today in the region are underserved, and there is huge potential for improving the quality of customer’s life by utilizing the advancement of the technology.  Connecting all the service providers (pharmacies, medical insurance companies, medical centers/cities, logistic solutions, etc) in one place can add big advantages to pharmacy’s customers, which is the area that Saydl focuses on.  Our vision for Saydl is to be the virtual pharmacy of choice for all customers in the region.”

Bayan Al-A'abed

Bayan is a writer for Startup MGZN