Photo - Dawapay
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Dawapay

Dawapay is an ondemand marketplace for medicine supplly.

Kenya
Market: Logistics and warehouses, Medicine, Pharmacology
Stage of the project: Prototype or product is ready

Date of last change: 19.09.2020
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Idea

Dawa Pay is a tech-enabled platform facilitating online and offline orders for drugs from small pharmacies and mobile money payments with free delivery. We have over 128 pharmacies in Nairobi on our platform and have generated a General Merchandise Value of $70,000 since we launched in Jan 2020. Dawa Pay has also partnered with Pharm access (Medical Credit Fund) to provide access to affordable and flexible business credit to pharmacies with a 6 months repayment period.

Current Status

We have over 128 pharmacies in Nairobi on our platform and have generated a General Merchandise Value of $70,000 since we launched in Jan 2020.
Dawa Pay has also partnered with Pharm access (Medical Credit Fund) to provide access to affordable and flexible business credit to pharmacies with a 6 months repayment period.

Market

We are a Business to Business service.

Problem or Opportunity

High Cost of medicine: Leads to high death rates from curable diseases.

Broken pharmaceutical supplies value chain:Delays in delivery, waste of time and increase of stocks out.

Lack of credit scoring system – small pharmacies cant access business stock finance.Increase in low quality generics in the market.

Solution (product or service)

A tech-enabled platform (Mobile App) facilitating online and offline (SMS) orders for drugs from small pharmacies and mobile money payments (M-pesa) with free delivery.

Competitors

Our competitors are existing wholesale distributors who rely on manual paper based distribution channels.

Advantages or differentiators

We rely heavily on technology and data to reduce inefficiencies in manual paper based processes. So we save on costs and eliminate frequent stock outs of medicine.

Finance

We charge a transaction fee on every successful transaction

Business model

Revenue Model:
o B2B- We charge a 4% fee on the total cost of medicine ordered by the pharmacies.
o A USD 100 activation fee for wholesalers for the on boarding process

Money will be spent on

Growth in customer base and revenues
Team capacity building and hires
Product development and refinement
Business logistics costs and operations

Offer for investor

Equity

Team or Management

Incubation/Acceleration programs accomplishment

Participation in Villgro (Kenya)accelerator

Won the competition and other awards

Won $5,000 Tony Elumelu Foundation Entrepreneurship Program
Top ten finalist in MEST Africa Challenge 2020

Photos

Photo 1 - Dawapay is an ondemand marketplace for medicine supplly.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video