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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
Kenya
Market: Logistics and warehouses, Medicine, Pharmacology
Stage of the project: Prototype or product is ready
Date of last change: 19.09.2020
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.
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.
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
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
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
Top ten finalist in MEST Africa Challenge 2020
Photos
Presentation
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