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Nigeria’s PharmaRun wins $10,000 Pitch2Win startup competition

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PharmaRun, a health-focused BNPL platform has won the 2023 Pitch2Win $10,startup competition.

Founded in 2021 by co-founders Teniola Adedeji and Funmilola Aderemi, PharmaRun delivers medication on-demand to the doorsteps of customers.  The startup competed for this funding with 14 early-stage startups that pitched AI, blockchain, fintech, e-commerce, and logistics solutions at Pitch2Win, an annual event that aims to connect startups to potential investors.

Co-founder Teniola Adedeji while commenting on the win said, “This was our first time pitching to an audience, so it is amazing that we won. It’s given us validation that this is a product that is scalable, and we are unto something. Having to compete with founders that are well-known, yet we won? It’s amazing.”    

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“We’re looking to raise $500,000 for product development and customer acquisition and Pitch2Win is offering us visibility and access to investors. So we’re very thankful,” she adds as the next steps for the start

The Pitch2Win competition aims to connect visionary founders with potential investors, fostering growth, collaboration, and investment opportunities.

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The winners of Pitch2Win receive a total of $20,000 equity-free cash prizes. This funding can be a game-changer for startups, providing the financial boost necessary to fuel growth, hire talent, or develop products.

The proramme helps startups to  gain exposure to a wide audience of Nigerian & international investors, industry experts, potential partners, customers, and mentors who can help propel their startup forward.

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Participants also get the advantage of connecting with like-minded investors, entrepreneurs, successful startup founders, and seasoned professionals in various industries to expand their networks, exchange ideas, and forge valuable partnerships that can open doors for future collaborations.

The second-place winner was ZeroComplex AI which aims to  simplify the integration of AI into existing applications or the development of AI products and services. The starup which was founded by Kehinde Olateru, Adegbenga Agoro, and Olusola Adebayo,offers a proprietary AI-API platform that empowers small and medium-sized businesses (SMBs) and startups to harness the power of Artificial Intelligence.

The third-place startup was Oystr, a fintech startup that provides easy access to alternative financial data, creditworthiness, and identification verification of borrowers across Africa.Founded by Ifedolapo Lawal and Omotayo Iginla, the startup is enabling businesses in Africa to extend affordable micro-loans to the unbanked and underbanked.  

The judges consisted of Ventures Platform Partner Kola Aina, TLCom Capital Partner Eloho Omame, SG Verse founder Hiro Mashita, Freakout Holdings founder Yuzuru Honda and, Nigeria Sovereign Investment Authority CIO Kola Owodunni.    

   

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Milcah Lukhanyu
Milcah Lukhanyuhttps://techmoran.com
I cover tech news across Africa. Drop me an email at [email protected]

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