By: Nujhat Jahan Nehan
Bangladesh’s leading B2B health-tech company PulseTech has raised USD 3 million in a pre-Series A round. The round was jointly led by Vietnam’s early-stage venture capital firm Ascend Vietnam Ventures (AVV) and Singapore-based accelerator fund Iterative.
This is AVV’s first investment in Bangladesh, which is being seen as a sign of growing international confidence in the country’s technology-based healthcare sector. The funds will expand PulseTech’s Medbox platform nationwide and accelerate the implementation of the One Pharmacy franchise model. The model aims to integrate thousands of small and informal pharmacies into a unified, compliant, and digitally enabled healthcare system.
By ensuring direct sourcing from verified manufacturers, One Pharmacy will strengthen medicine traceability, enhance regulatory supervision, and provide pharmacies with digital tools to improve operational efficiency, inventory management, and financial capacity.
PulseTech’s founder and managing director Arefeen Raafi Ahmed said, “Our goal is for pharmacies to receive products only from verified sources so that patients never doubt the authenticity of the medicines they use. We believe technology should make life easier, not complicated.”
Kazi Ashikur Rasul, co-founder and chief executive officer (CEO), said, “Our objective is not only to improve individual pharmacies, but to rebuild the way healthcare reaches people across the country through a transparent and trustworthy medicine distribution network.”
Eddie Thai, co-founder of AVV, said, “We have long been looking for teams capable of bringing meaningful change in emerging markets. PulseTech’s vision, execution capabilities, and rapid growth prove their deep understanding of Bangladesh’s healthcare opportunities and challenges.”
Hsu Ken, co-founder and managing partner at Iterative, stated, “The company grew its revenue from USD 1 million to USD 13 million in just three months. The combination of pharmaceutical knowledge and product innovation demonstrated by PulseTech is rare, and this is reflected in their performance.”
Founded in 2021, PulseTech currently operates Medbox, a data-driven ordering and logistics platform that enables pharmacies to source authentic medicines directly from verified manufacturers. Over the past year, the company has expanded rapidly, now serving more than 12,000 pharmacies and reaching nearly 3.5 million people in the Dhaka region.
Source – Linkedin
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