{"id":592514,"date":"2023-08-07T00:00:00","date_gmt":"2023-08-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/pharma-platform-grinta-acquires-competitor-autocure\/"},"modified":"2023-08-07T00:00:00","modified_gmt":"2023-08-07T00:00:00","slug":"pharma-platform-grinta-acquires-competitor-autocure","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/pharma-platform-grinta-acquires-competitor-autocure\/","title":{"rendered":"Pharma platform Grinta acquires competitor Autocure"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>STARTUPS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>B2B pharma e-commerce platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/grinta.ai\/\" style=\"\" rel=\"noopener\">Grinta<\/a><\/strong><strong>has reportedly acquired Alexandrian <\/strong><strong>competitor <\/strong><strong>Autocure<\/strong><strong>, <\/strong><a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/08\/06\/1697849\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports citing Grinta CEO Mohamed Azab. This is <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/grintaai\/\" style=\"\" rel=\"noopener\">Grinta\u2019s<\/a> third acquisition in Egypt since it was established, the news outlet reports, without providing more information. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>We interviewed Azab back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63254409-e15c-43d3-8b06-ec7770d5ecfd\" style=\"\" rel=\"noopener\">in January<\/a>, when he told us that Grinta had so far raised USD 9.5 mn in investment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FINTECH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ostoul wants a digital bank:<\/strong> Ostoul Securities Brokerage is in negotiations to partner with an unnamed foreign investor to apply for a license to establish a digital bank, company chair Aly El Ghannam is quoted as telling <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/08\/05\/1697542\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. Ostoul is also expecting to launch new online services by early 2024 and wants to increase its Gulf customer base, Al Ghannam added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Central Bank of Egypt recently published <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ceb3441-e6c5-4f50-b5ac-d2341abbcb32\" style=\"\" rel=\"noopener\">new licensing rules<\/a> for digital banks, stipulating that digital banks need at least EGP 2 bn in capital to receive a license and EGP 4 bn to be able to finance large companies. Ostoul is the most recent fintech to announce its intention to apply for a license, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0cd58af2-675a-444f-b309-dbecca21d0d9\" style=\"\" rel=\"noopener\">following<\/a> China-based OPay. Banque Misr last week said it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e014590b-db6a-482f-a04a-3a899f12eaef\" style=\"\" rel=\"noopener\">plans to launch<\/a> Egypt\u2019s first digital bank in 1Q 2024. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition is Grinta\u2019s third since the company launched<\/p>\n","protected":false},"author":1,"featured_media":592515,"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":[7209],"tags":[111,11024,72,183,6403,7128,11025,11026,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-autocure","tag-enterpriseam","tag-fintech","tag-grinta","tag-ma-watch","tag-mohamed-azab","tag-ostoul-securities-brokerage","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"ad98faeb-8ab6-46e2-8492-f156522a0e77","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/278.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Pharma platform Grinta acquires competitor Autocure. PLUS: Ostoul Securities Brokerage wants to open a digital bank","related_issue":[592494],"teaser":"The acquisition is Grinta\u2019s third since the company launched","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.46bcf50d-32e5-4ce7-bf65-f366c52d7863.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pharma platform Grinta acquires competitor Autocure - 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\/08\/07\/pharma-platform-grinta-acquires-competitor-autocure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharma platform Grinta acquires competitor Autocure\" \/>\n<meta property=\"og:description\" content=\"The acquisition is Grinta\u2019s third since the company launched\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/pharma-platform-grinta-acquires-competitor-autocure\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-07T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/278.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/pharma-platform-grinta-acquires-competitor-autocure\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/pharma-platform-grinta-acquires-competitor-autocure\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Pharma platform Grinta acquires competitor Autocure\",\"datePublished\":\"2023-08-07T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/pharma-platform-grinta-acquires-competitor-autocure\/\"},\"wordCount\":203,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/pharma-platform-grinta-acquires-competitor-autocure\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/278.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"Autocure\",\"EnterpriseAM\",\"Fintech\",\"Grinta\",\"M&amp;A Watch\",\"Mohamed Azab\",\"Ostoul Securities Brokerage\",\"pharma\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/pharma-platform-grinta-acquires-competitor-autocure\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/pharma-platform-grinta-acquires-competitor-autocure\/\",\"name\":\"Pharma platform Grinta acquires competitor Autocure - 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Speaking to us this week is Mohamed Azab (LinkedIn), co-founder of\u2026","rel":"","context":"In &quot;Founder of the Week&quot;","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\/630.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577415,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/22\/local-pharma-startup-closes-usd-8-mn-round-klivvr-gets-cbe-nod\/","url_meta":{"origin":592514,"position":1},"title":"Local pharma startup closes USD 8 mn round + Klivvr gets CBE nod","author":"enterpriseam admin","date":"22 November 2022","format":false,"excerpt":"Local B2B pharma platform Grinta has closed a USD 8 mn seed round led by MENA-focused VC Raed Ventures and local fintech fund Nclude, with participation from Endeavor Catalyst and 500 Global, it said in a press release (pdf) yesterday. 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Both listings are destined for the EGX, one in the pharma sector and the other in real estate. Azab also\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":592514,"position":3},"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. It remains unclear\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571883,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/03\/egypts-bab-el-azab-revamp-to-get-underway-as-sovereign-fund-inks-agreement-with-sca\/","url_meta":{"origin":592514,"position":4},"title":"Egypt\u2019s Bab El Azab revamp to get underway as sovereign fund inks agreement with SCA","author":"enterpriseam admin","date":"3 June 2020","format":false,"excerpt":"Bab El Azab to be transformed into tourist area under agreement between sovereign fund, antiquities council: The Sovereign Fund of Egypt (SFE) has signed an agreement with the Supreme Council of Antiquities (SCA) to kick off plans to develop the Bab El Azab landmark in Old Cairo into a tourist\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567105,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/13\/sawiris-sovereign-fund-of-egypt-to-sign-bab-el-azab-partnership-next-month\/","url_meta":{"origin":592514,"position":5},"title":"Sawiris, Sovereign Fund of Egypt to sign Bab El Azab partnership next month","author":"enterpriseam admin","date":"13 January 2020","format":false,"excerpt":"INVESTMENT WATCH- Samih Sawiris, Sovereign Fund of Egypt plan to sign Bab El Azab partnership next month: Samih Sawiris and the Sovereign Fund of Egypt (SFE) are planning to sign a partnership agreement to develop the Bab El Azab area by no later than 4 February, the celebrity b\u2019naire tells\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=592514"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592514\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/592494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/592515"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=592514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=592514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=592514"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=592514"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=592514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}