UET Taxila Graduate bags outstanding $3.3 Million investment for a health-tech startup


Lahore, 31 December, 2021 – Muhammad Nabeel, Software Engineering class of 2014 UET Taxila is one of the first prominent alumni of UET Taxila who has risen to establish one of its kind startup; Healthwire, as an affordable healthcare services provider in Pakistan. Nabeel has previously worked as Software Engineer and Senior Product Engineer in PakWheels and Illaaj Technologies. He is currently the co-founder and Chief Technology Officer of Healthwire. Nabeel along with his co-founder Hamza Iqbal, a LUMS graduate has an ambitious outlook on creating Healthwire to be one of the first billionaire companies of Pakistan. In their successful closing of $3.3 million funding, the duo drew participation from prominent investors that were 47 Ventures, Habib Bank Limited, Dilsons Private Limited and angel investors from Silicon Valley.   

Speaking about his vision, the co-founder and CTO of Healthwire, Muhammad Nabeel said “Patient-doctor interaction is the point where the whole healthcare ecosystem converges. By having this interaction on our health-tech platform, we can ensure that quality healthcare is accessible to patients in the remotest areas of the country. Economies of scale of the tech platform allow us to ensure that this access is affordable and inclusive.

Khurram Zafar, Managing Director of 47 Ventures, and a seed investor in Healthwire said, "We are excited to be doubling down on one of the stars in our portfolio. The growth and momentum that Healthwire has built even during the tough COVID period is a testament to the strength and resilience of the team. It is destined to become the health tech leader of Pakistan."

Sagheer Mufti, COO at HBL, commenting on the occasion said: “HBL is excited to invest in Healthwire, as it is an integrated healthcare digital platform. It will ease the customer journey and improve quality of healthcare, particularly multiple healthcare providers. Through provision of embedded banking services, to providers like hospitals, clinics, labs, health insurance providers and pharmacies will be able to serve, patients more effectively. HBL and Healthwire partnership seeks to expand access to quality and convenient healthcare in Pakistan. With the Healthwire investment. and collaboration, digital financial inclusion will be widened, reaffirming HBL's commitment to be a technology company with a banking license.”

Healthwire, building upon its strong presence in the healthcare service provider ecosystem, has now deployed a web and mobile application for patients to connect with those service providers. The platform is already connecting over 10,000 patients with doctors every single day.  The startup intends to use the funding to further fuel its growth and become the healthcare super app of Pakistan.

Hassan Sheikh, Director at Dilsons Private Limited while commenting on their investment in Healthwire said: “Dilsons strategy to invest in Digital Healthcare fits well with integrated solution provider Healthwire. This gives us an opportunity to be part of Digital Health ecosystem which will shape the future of health tech. This partnership will enable us to be a part of Pakistan’s leading digital healthcare platform for disease management with strong capabilities and eventually leading to better healthcare outcomes for patients.”

 

 

About Healthwire

Healthwire is on a mission to use technology to improve healthcare outcomes by aggregating all stakeholders of the healthcare ecosystem on a unified platform.

www.healthwire.pk

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About UET Taxila

With phenomenal increase in students' enrollment in 1970's, a plan to establish additional campuses of the University of Engineering and Technology Lahore was conceived. As a result of that, the University College of Engineering Taxila was established.


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