Cairo-based B2B pharmaceutical marketplace Grinta acquires Auto-Cure

MENA-focused B2B e-commerce platform for independent pharmacists Grinta acquired Auto-Cure, its rival serving independent pharmacists in Alexandria, Egypt. The company was founded by Mohamed Rezk and his Amr Kamel, and after the deal - Mohamed Rezk will be joining as a partner at Grinta and leading the Commercial Team.

About Auto-Cure

Auto-Cure has dispatched 5,000 orders and served 450 pharmacies through its multivendor B2B platform over the past 18 months. The service empowers the pharmacist by providing them with full visibility on market supply and the best prices across different vendors, allowing them to shop and receive one consolidated shipment for all their needs. This provides the pharmacist with both visibility and accessibility to the best prices available in the market through a single seamless process.

On the record

"The acquisition contributes to the objective of delivering customer-centric, data-driven, and fintech-enabled solutions to modernize the pharmaceutical supply chain in Egypt and beyond," said Mohamed Azab, co-founder and CEO of Grinta. "The acquisition of Auto-Cure is a testament to Grinta's dedication to delivering value to their clients and growing its presence in the Egyptian market."

"Joining hands with Grinta is incredibly exciting for us, our commitment to digitizing the market and delivering customer satisfaction has led us to join Grinta's brilliant team," added Mohamed Rezk, co-founder and CEO of Auto-Cure. "We have unlocked a world of possibilities, and together we will be extending our reach not only in Alexandria but throughout the Middle East and Africa."

The context

Since its inception in 2021, Grinta has acquired two companies, PH Store, a similar digital platform in northern Egypt; and EME, a software development company with a solid tech team. As a result, Grinta has expanded aggressively across nine governorates across Egypt. The company has served over 7,000 pharmacies since then and delivered over 200,000 orders.