{"id":580629,"date":"2023-01-10T13:27:46","date_gmt":"2023-01-10T13:27:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/10\/meet-our-founder-of-the-week-grintas-mohamed-azab\/"},"modified":"2023-01-10T13:27:46","modified_gmt":"2023-01-10T13:27:46","slug":"meet-our-founder-of-the-week-grintas-mohamed-azab","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/10\/meet-our-founder-of-the-week-grintas-mohamed-azab\/","title":{"rendered":"Meet our founder of the week: Grinta\u2019s Mohamed Azab"},"content":{"rendered":"

<\/a> OUR FOUNDER OF THE WEEK<\/strong>- Every Tuesday, Founder of the Week looks at how a successful member of Egypt\u2019s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Mohamed Azab (LinkedIn<\/a>), co-founder of healthcare company Seha Healthcare<\/a> and pharma platform Grinta<\/a>.<\/p>\n

My name is Mohamed Azab, and I am a business owner and founder.<\/strong> I sold my first business, Hassab Labs, in 2015. It grew out of Alexandria to become a top lab firm in the country before expanding into Morocco, where it was acquired by a large Moroccan group.<\/p>\n

I subsequently co-founded my second venture, Seha Healthcare<\/strong>, a healthcare platform designed for the middle-income segment. We invest in hospitals and polyclinics.<\/p>\n

Our latest startup, Grinta, is a B2B e-commerce platform that connects pharma manufacturers with independent pharmacies in Egypt.<\/strong> The goal is to make meds accessible across Africa. Over the next two to three years, we intend to grow into Morocco, Nigeria, and Kenya.<\/p>\n

I have always been an entrepreneur at heart.<\/strong> I prefer to build things, rather than being a part of the wheel, and I look to introduce concepts that will really impact the market. This is why I chose to delve into the healthcare sector despite having studied finance.<\/p>\n

Grinta is trying to solve the issue of pharma access in Africa.<\/strong> Further south, you\u2019ll find counterfeit meds, a severe lack of infrastructure, and very limited access to medical care. We are attempting to digitize that last mile of the pharma value chain across the continent.<\/p>\n

The best part of my job is having a purpose.<\/strong> I believe that having a mission and a purpose are crucial. I also enjoy the ability to reinvent myself while running different businesses \u2014 a hospital, for instance, is a brick-and-mortar business heavy on assets, whereas Grinta is all about super fast growth.<\/p>\n

There is no worst part of my job, but one of the biggest challenges<\/strong> at Grinta was raising our seed round during the pandemic, when global markets weren\u2019t doing great and people had stopped investing.<\/p>\n

Seha Healthcare has raised roughly USD 20 mn in the last five years, and Grinta has raised USD 9.5 mn since its inception last year.<\/strong> We aim to raise USD 20 mn or more for Grinta in the future. So far, Grinta\u2019s investors include Raed Ventures<\/a>, Nclude<\/a>, and Endeavor Catalyst<\/a>, as well as some Asian angel investors.<\/p>\n

The KPIs that I look at change with time.<\/strong> We were focused on expansion at Grinta five to six months ago, but now we\u2019re more concerned with growing steadily. There\u2019s this great quote: \u201cWith chaos comes revenue, and with discipline comes profitability.\u201d This explains the arc of our business.<\/p>\n

Being a founder of a startup is a lonely journey if you are a solo founder.<\/strong> In my situation, I\u2019m far from lonely because I have partners and we go through the journey together.<\/p>\n

Grinta is a long-term play \u2014 I don\u2019t see myself exiting in the next five to seven years<\/strong>, but it would be a success to have an IPO outside of Egypt.<\/p>\n

I always listen to the <\/strong>Masters of Scale<\/a><\/strong> podcast with Reed Hoffman.<\/strong> I also recently watched The Mechanism<\/a>, a Netflix drama about Brazilian politics. The resemblance between Latin America and our region is shocking. I\u2019m also into reading Sufi books. It\u2019s spiritual and gives me a good balance in life.<\/p>\n

I consider myself extremely lucky to be part of the Endeavor entrepreneurs network.<\/strong> I\u2019ve been a member since 2012 and have served on Endeavor Egypt\u2019s board since 2016. It provides a great amount of inspiration. I\u2019m especially fond of the Careem<\/a> founders, Mudassir Sheikha (LinkedIn<\/a>) and Abdullah Elyas (LinkedIn<\/a>). The way they grew their business throughout the region, from Pakistan to Morocco, is very impressive.<\/p>\n

I choose my team based on the 3 Vs: Vision, values, and value added.<\/strong> I am also a big believer in women\u2019s empowerment, so I try to reflect this in my companies as much as possible. I would love to see more women co-founders \u2014 like our CTO, Yosra Badr (LinkedIn<\/a>) \u2014 in tech going forward.<\/p>\n

Mentoring is important to me.<\/strong> My co-founders and I are committed to assisting other entrepreneurs and investing in new startups. It\u2019s always encouraging to watch the startup scene thrive.<\/p>\n","protected":false},"excerpt":{"rendered":"

OUR FOUNDER OF THE WEEK- Every Tuesday, Founder of the Week looks at how a successful member of Egypt\u2019s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Mohamed Azab (LinkedIn), co-founder of healthcare company Seha Healthcare and […]<\/p>\n","protected":false},"author":1,"featured_media":580630,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7357],"tags":[633,1530,6403,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-580629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-founder-of-the-week","tag-enterprisepm","tag-founder-of-the-week","tag-grinta","tag-startups","wpautop","entry"],"acf":{"mongo_id":"63254409-e15c-43d3-8b06-ec7770d5ecfd","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/630.jpg","photo_position":"above","related_issue":[580614],"teaser":"","voice_url":""},"yoast_head":"\nMeet our founder of the week: Grinta\u2019s Mohamed Azab - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/10\/meet-our-founder-of-the-week-grintas-mohamed-azab\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meet our founder of the week: Grinta\u2019s Mohamed Azab\" \/>\n<meta property=\"og:description\" content=\"OUR FOUNDER OF THE WEEK- Every Tuesday, Founder of the Week looks at how a successful member of Egypt\u2019s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. 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Speaking to us this week is Mohamed Hazem (LinkedIn), founder of\u2026","rel":"","context":"In "Founder of the Week"","block_context":{"text":"Founder of the Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/founder-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/590.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550880,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/10\/meet-our-founder-of-the-week-sympls-mohamed-el-shabrawy-el-feky\/","url_meta":{"origin":580629,"position":2},"title":"Meet our founder of the week: Sympl\u2019s Mohamed El Shabrawy El Feky","author":"enterpriseam admin","date":"10 May 2022","format":false,"excerpt":"OUR FOUNDER OF THE WEEK- Mohamed El Shabrawy El Feky, co-founder and CEO of Sympl (LinkedIn).My name is Mohamed El Shabrawy El Feky, and I\u2019m the CEO and co-founder of Sympl. I studied architecture and urban design as an undergrad at Cairo University. Upon graduation, I explored different sectors including\u2026","rel":"","context":"In "Founder of the Week"","block_context":{"text":"Founder of the Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/founder-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/451.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590784,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/meet-our-founder-of-the-week-farida-el-sabh-co-founder-of-lanalou\/","url_meta":{"origin":580629,"position":3},"title":"Meet our founder of the week: Farida El Sabh, co-founder of Lanalou","author":"enterpriseam admin","date":"25 July 2023","format":false,"excerpt":"Lanalou creates children\u2019s products, including cosmetics, furniture, and educational material","rel":"","context":"In "Founder of the Week"","block_context":{"text":"Founder of the Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/founder-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/959.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571999,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/sawiris-talks-with-sovereign-fund-of-egypt-to-develop-bab-el-azab-break-down\/","url_meta":{"origin":580629,"position":4},"title":"Sawiris talks with Sovereign Fund of Egypt to develop Bab El Azab break down","author":"enterpriseam admin","date":"8 June 2020","format":false,"excerpt":"Samih Sawiris\u2019 talks with SFE to develop Bab El Azab reportedly break down: Samih Sawiris\u2019 plans to invest with the Sovereign Fund of Egypt (SFE) in developing the Bab El Azab landmark in Old Cairo have reportedly hit a snag, Al Mal reports, quoting unnamed government sources. 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