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MyDawa seeks Sh200m funding to meet the surging demands

MyDawa is seeking Sh200m to bolster its operations following the surging demand due to the COVID-19 pandemic. According to the company’s CEO Tony Wood, he said the decision was reached after last month’s month’s upsurge. The company recorded 20,000 new users on the app. Clients are sourcing drugs, family planning products, personal care such as sanitary pads, soaps and sanitizer liquids via the app.

In the last few weeks, MyDawa and other e-commerce companies and delivery services have witnessed an upsurge in their service consumption. Consumers have turned online for shopping, medicinal supplies and everything that they need creating an upsurge in transactions.

MyDawa has also seen an upsurge of transactions funded by insurance companies. About 25 companies have enrolled staff on MyDawa app where drugs are delivered to ailing employees and bills paid by the employer.

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The demand at the moment is unpredictable though consistently growing following the growing cases of COVID-19 in the country and also globally. Normal operations may be halted for a little longer to curb the spread of the virus.

“We are seeking additional funding to enable us to enhance our capacity and stock up to meet the growing demand for customers staying at home.”

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“Since the government implemented social distancing and partial lockdown. People are forced to stay at home as a way of avoiding crowded places. While also flattening the curve of spreading the virus. Many have now downloaded our app. They send in their prescription notes for our actions. We’ve also made sure all payments are also done via mobile money or money cards,” he said.

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Val Lukhanyu
Val Lukhanyu
I cover technology news, startups, business and gadget reviews

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