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Dawaai

500 Global '19Antler

Karachi, PK · 8 known investors

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Dawaai is a licensed online pharmacy and healthcare group that procures medicines directly from manufacturers and distributors and delivers them to patients' doorsteps, including a two-hour "Fast" delivery service. It operates in Pakistan, serving retail pharmacy customers with pharmacist-handled medicine ordering and delivery.

Also known as Dawaai.pk

Founders & leadership

FKFurquan Kidwai
Furquan KidwaiFounder & CEOFurquan Kidwai is founder of Dawaai, a licensed online pharmacy and healthcare group in Pakistan that delivers medicines directly to customers. He has background in product development, business model innovation, strategic finance, and operations across emerging markets.

Investors · 8

Also in the syndicate · 1

Two undisclosed family offices

Funding

SEC filings, press & company announcements

$8.5M disclosed across 1 of 3 rounds · 2019–2021

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Sep 2026

Dawaai is a Karachi-headquartered, pharmacy-led healthcare group that sells medicines, personal care products and medical equipment through web and mobile platforms in Pakistan. It operates as a licensed pharmacy (License #1265, issued 12 March 2014) and registers tax under National Tax Number 423952-7. Customers order either by uploading a prescription or by searching and adding products to a cart; prescription medicines require a valid uploaded prescription before an order is confirmed. Qualified pharmacists handle procurement, storage and dispensing, and are reachable by phone from 09:00 to 21:00 Monday to Saturday.

Beyond pharmacy retail, the platform enables online doctor consultations, at-home health services such as nursing and physiotherapy, and booking of lab tests and checkups. Hospital and laboratory partners listed by the company include South City Hospital, Ziauddin Hospital, Chughtai Lab, National Institute of Blood & Diseases, and Dr. Essa Laboratory & Diagnostic Centre. The online catalogue spans prescription medicines, baby care, personal care, homeopathic and herbal products, nutrition and supplements, diagnostic devices and sexual wellness items, with brand-level discount vouchers tied to partner banks including Habib Metro, Meezan Bank, HBL and Standard Bank cards.

Delivery is handled by trained riders using temperature-controlled storage and sealed packaging; customers may refuse a package whose seal is tampered with, and medicines are non-returnable once accepted. The company runs a two-hour "Fast" delivery service for eligible products, and states that it delivers across 98 cities through multiple fulfillment centres, using its own fleet in some areas.

Founding story

Dawaai was founded by Furquan Kidwai, a Cambridge University graduate who relocated to Pakistan from London after working at Lehman Brothers, Merrill Lynch and RBS. Press coverage of the 2021 round dates the founding to early 2014, while investor Sarmayacar lists a December 2013 founding date. The company's pharmacy licence (#1265) was issued in March 2014.

Business model

Dawaai sells medicines, personal care goods and medical equipment directly to individual consumers and to MSMEs such as pharmacies, combining B2C and B2B channels. It procures directly from pharmaceutical manufacturers and their large distributors, holds inventory in warehouses and fulfillment centres in several cities, and dispenses through qualified pharmacists. Adjacent services — online doctor consultations, at-home nursing and physiotherapy, and lab test booking — are layered onto the pharmacy base, targeting repeat chronic-condition patients.

Revenue comes from the sale of medicines, personal care products and medical equipment to retail consumers and to pharmacies/MSMEs via its platform, with product-level discounts and bank-partner voucher promotions applied at checkout; additional services such as doctor consultations, home health services and lab tests are booked through the same platform.

Traction

As of the 2021 funding announcement, Dawaai said it had served 11 million people in Pakistan over the preceding seven years via its website and apps, delivered medicines in 98 cities, grew revenue 350% in the prior twelve months, and grew headcount from 15 employees about two years earlier to 250. Teleconsultations on the platform were described as reaching tens of thousands of monthly sessions, and the founder said some participating doctors had doubled their income.

Latest developments

Following its $8.5 million raise led by 500 Startups, Dawaai said it would use the proceeds to build out pharmaceutical supply chain infrastructure in Pakistan and further develop its technology. Its consumer site currently offers pharmacy ordering with prescription upload, doctor consultations, at-home services and lab tests and checkups, alongside bank-partner discount vouchers.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Investor Sarmayacar describes Dawaai as targeting Pakistan's roughly $3 billion pharmaceutical industry, aiming to become the country's largest pharmaceutical aggregator in a fragmented retail pharmacy market growing at a double-digit rate. 500 Startups managing partner Tony Wang characterised Dawaai as a leading digital health startup in Pakistan at the time of the 2021 round.

The company emphasises authenticity and quality control: it procures only from manufacturers or their appointed distributors, maintains senior-level relationships with large pharmaceutical firms, has only qualified pharmacists handle procurement, storage and dispensing, and delivers in sealed, temperature-controlled packaging that customers may reject if the seal is broken. It also positions itself on price, claiming to sell authentic medicines at the lowest possible prices, and on convenience via doorstep and two-hour delivery plus bundled consultation, home-care and diagnostic services.

Technology

Dawaai operates a web and mobile-based ordering platform supporting product search, cart-based ordering, prescription upload for prescription-only items, order status tracking through stages from order placed to delivered, voucher redemption, and location-based delivery selection. The platform also supports teleconsultation sessions with doctors and booking of home health services and lab tests. The company has said it planned to use its 2021 financing to further develop its technology to optimize the business.

Go-to-market

Dawaai reaches customers through its own website and mobile apps, supported by discount vouchers and co-branded promotions with banks, prescription-upload ordering assisted by pharmacists reachable by phone, and its own rider fleet in selected areas. It expands geographically by adding fulfillment centres and delivery cities, and collects demand signals for its two-hour Fast service via a request form for areas not yet covered.

Individual consumers in Pakistan — with a large share described as chronic patients requiring recurring medicines, doctor consultations and lab tests — as well as MSMEs, specifically retail pharmacies, served through its B2B offering.

Geography

Headquartered in Karachi, Pakistan, with warehouses/fulfillment centres in several cities and medicine delivery to 98 cities across the country. Two-hour "Fast" delivery is offered in select areas of Karachi and Lahore, with the company stating it plans to expand Fast service areas. Management has described an ambition to serve the wider South Asia market.

History

The company received its pharmacy licence in March 2014 and built an online medicine retail business serving individuals and pharmacies. Investor Sarmayacar dates its partnership with Dawaai to December 2019, and in October 2019 the company was reported to be raising a $5 million Series A with 500 Startups. In 2021 Dawaai announced an $8.5 million round led by 500 Startups, bringing total financing to $10.5 million, and by that point had expanded beyond medicine sales into online doctor consultations, at-home health services and lab test booking.

Risks & controversies

The 2021 financing combined equity and debt and included secondaries in which some investors exited or partially exited the company; the company said equity made up a significant majority of the round and that secondaries were a very small part of the transaction. Its return policy states that medicines cannot be returned or exchanged once sold and accepted.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Cities served with medicine deliveryJan 202198 cities
EmployeesJan 2021250 employees
People servedJan 202111,000,000 people
Revenue growth (trailing twelve months)Jan 2021350%
Target market size (Pakistan pharmaceutical industry)Jan 2023$3B
Teleconsultation sessionsJan 2021Tens of thousands of monthly sessions
Total financing raised to dateJan 2021$10.5M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

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Companies working in the same space as Dawaai.

Timeline · 5

launches, deals, and filings
Jan 2021
Dawaai raises $8.5 million led by 500 Startups

Dawaai announced an $8.5 million round comprising equity and debt, led by 500 Startups with participation from existing investor Sarmayacar and two family offices, taking total financing to $10.5 million. The transaction included a small secondary component. Proceeds were earmarked for pharmaceutical supply chain infrastructure and technology development.

$8.5M source ↗

Jan 2021
Platform expands into teleconsultations, home health services and lab tests

In addition to medicines and medical equipment, the platform added online doctor consultations, at-home health services such as nursing and physiotherapy, and lab test booking.

source ↗

Dec 2019
Sarmayacar partners with Dawaai

Investor Sarmayacar lists December 2019 as the date it partnered with Dawaai.

source ↗

Oct 2019
Reported $5 million Series A raise with 500 Startups

DealStreetAsia reported that Dawaai was raising a $5 million Series A from 500 Startups and others.

$5M source ↗

Mar 2014
Pharmacy license issued

Dawaai operates as a licensed pharmacy under License #1265, issued 12 March 2014, and pays tax under National Tax Number 423952-7.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Dawaai do?
Pakistani licensed online pharmacy and healthcare platform selling medicines and offering teleconsultations, home services and lab tests.
Who founded Dawaai?
Dawaai was founded by Furquan Kidwai.
Who are Dawaai's investors?
Dawaai's investors include 500 Global, ID8 Investments, Kube VC, Planet N Group of Companies, Sarmayacar, Antler, Kingsway Capital.
How much funding has Dawaai raised?
Dawaai has disclosed $8.5M raised across 1 of its 3 known rounds.
Where is Dawaai headquartered?
Dawaai is headquartered in Karachi, PK.