Saudi pharma startup Saydl eyes international expansion after seed investment round

Thursday, 12 July 2018

Saudi pharmaceutical startup Saydl is headed towards the next stage of growth after securing an undisclosed amount in a recently conducted seed investment round.

Saydl was founded in 2017 and is focused on enabling clients to efficiently and conveniently purchase their medical and pharmaceutical supplies. Additionally, Saydl also has ties with licensed pharmacists who offer on-demand real-time pharmaceutical consultation to its clients.  

“The pharmaceutical & medical services today in the region are underserved, and there is huge potential for improving the quality of customer’s life by utilizing the advancement of the technology,” said Abdullah AlKuhaimi, Founder of Saydl while explaining the vision powering the company.

He added: “Connecting all the service providers (pharmacies, medical insurance companies, medical centers/cities, logistic solutions, etc.) in one place can add big advantages to pharmacy’s customers, which is the area that Saydl focuses on. Our vision for Saydl is to be the virtual pharmacy of choice for all customers in the region.”

Saydl has already expanded to several cities in Saudi Arabia, and is now planning to establish new partnerships with licensed pharmacies throughout the Middle East to kick off the broader objective of global expansion. The newly raised fund is expected to help the company in that direction.

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