A15 has provided Esaal, an Egyptian health and wellness platform, with $1.7 million in seed funding. Esaal offers consultations on a vast array of topics, including anxiety, physiotherapy, pediatrics, and nutrition.
The Egyptian healthtech firm has a B2B2C business model in which it partners with medium to large businesses to provide these services to their employees.
This funding will be used by the online health and wellness consultation platform to expand across MENA, invest in product and brand development, and hire more talent. Esaal anticipates a sales CAGR between 50 and 60% between 2021 and 2025.
Esaal was one of the companies that benefited from the pandemic-induced lockdown that created chances in the healthtech industry. Users can utilize an app to access Esaal’s services (text, video/voice calls, and in-person visits) and pay using cash, credit cards, Vodafone, and Fawry.
Read also : Egyptian Healthtech Doxx Secures $1.5M Seed For Expansion
The platform now charges membership fees and on-demand consultation fees, and future improvements will include the ability to charge for in-person visits.
The firm offers its services in seven additional MENA and GCC nations, including Saudi Arabia, Tunisia, Kuwait, Qatar, Bahrain, and Iraq.
Esaal wellness
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh