LAHORE: Karachi-based health-tech startup MedznMore Sunday claimed to have raised $2.6 million in seed round for its medicines and healthcare products delivery operations. If true, this would be the largest ever amount raised by a startup in a seed round in Pakistan. Profit reached out to the startup to verify the veracity of the claim but a co-founder from the company, Asad Khan, refused to share any document verifying that their was, in fact, the largest seed round raised by a Pakistani startup. MedznMore, which began operations in August 2020, closed the seed round with participation from a syndicate of seasoned local and international angel investors, the company said in a statement. According to Asad, at MedznMore, they want to solve the chronic problem of counterfeit drugs in Pakistan.

Source: Pakistan Today October 19, 2020 13:07 UTC