Jordan-born healthcare marketplace Aumet, has raised a $1.25 million seed round from Right Side Capital, TechStars, and Plugs and Play.
Now headquartered in the US, Aumet has offices in France, Jordan and recently opened one in the UAE. Launched in 2015 by Yehya Aqel, Mohammed Issa and Jamal Abu Samra, Aumet operates as a B2B marketplace that aggregates bulk orders from medical vendors and then offers them at discounted prices. It also automates the process of matching distributors with medical manufacturers.
"Normally, creative ideas come from the West to the East, Aumet is the first e-commerce between medical manufacturers and buyers starting from the Middle East and scaling to the West,” said Yahya Aqel, CEO and co-founder of Aumet.
The startup has managed to invoice $30,000,000 worth of bills during the second quarter of 2020 and is growing by 20 per cent month-on-month. Its team has expanded from 16 to 37 employees.
It plans to use the funds to automate the ordering process between buyers (healthcare providers, distributors) along with the medical manufacturers, build its e-commerce platform, onboard 10,000 medical manufacturers and more buyers from GCC countries.
"Aumet is a leading healthcare e-commerce marketplace in Mena, led by a dynamic CEO. The healthcare sector is rapidly being disrupted and experiencing digitisation. We are excited to invest in such a space," said Vijay Tirathrai, managing director at Techstars.
Aumet has been selected twice (2017, 2019) by The World Economic Forum as one of the best 100 startups that form the fourth industrial revolution.