Egypt’s i’SUPPLY Raises $3M to Expand Pharmaceutical Access
TLDR
- Egyptian healthtech startup i’SUPPLY has secured $3 million in Sharia-compliant revenue-based revolving financing from Bokra
- i’SUPPLY operates a tech-enabled distribution platform connecting over 10,000 pharmacies with more than 200 small-to-medium pharmaceutical distributors
- The new funding will support operational scale-up, with a focus on improving access to medicine across Egypt, especially in underserved reg
Egyptian healthtech startup i’SUPPLY has secured $3 million in Sharia-compliant revenue-based revolving financing from Bokra, a digital investment platform focused on impact-driven projects across the MENA region.
Founded in 2022, i’SUPPLY operates a tech-enabled distribution platform connecting over 10,000 pharmacies with more than 200 small-to-medium pharmaceutical distributors. The platform offers access to more than 10,000 medical products, helping predict and resolve supply chain disruptions in real time.
The new funding will support operational scale-up, with a focus on improving access to medicine across Egypt, especially in underserved regions. The revenue-based structure provides non-dilutive capital aligned with Islamic finance principles, allowing i’SUPPLY to grow without giving up equity.
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Key Takeaways
i’SUPPLY’s funding marks a growing trend in the MENA region: the use of Sharia-compliant instruments to support early-stage companies. Revenue-based financing, which ties repayments to a share of company revenue, provides startups with flexible, non-dilutive capital that aligns well with ethical investment principles. The deal also reflects increased appetite for healthtech solutions that address supply inefficiencies in emerging markets. Egypt’s pharmaceutical sector remains fragmented, and platforms like i’SUPPLY aim to bring order and transparency to the last mile of medical delivery. By leveraging data to anticipate demand and streamline procurement, i’SUPPLY positions itself as both a logistics solution and a digital infrastructure layer for pharmacies and distributors. As the company scales, the ability to maintain cash flow while avoiding equity dilution could serve as a blueprint for other startups seeking alternative financing routes in capital-constrained markets.
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