DrugStoc

What DrugStoc does

DrugStoc (legally Drugstoc Ehub Limited) is a Nigerian technology-driven pharmaceutical distribution company founded in 2015 and headquartered in Lagos. The company operates an integrated healthtech platform addressing counterfeit drug penetration and fragmented pharmaceutical supply chains across Sub-Saharan Africa. Its product portfolio spans five interconnected offerings: Medina (DrugStoc E-Commerce), a B2B e-procurement platform enabling healthcare providers to source pharmaceuticals via mobile and web applications with end-to-end traceable supply chain and real-time order tracking; Pillometer, a cloud-based pharmacy operating system (SaaS POS) with integrated hardware and the D.O.R.A AI assistant providing drug interaction alerts, inventory optimization, and sales intelligence; TheGoodPill, a B2C digital medicine access marketplace reportedly serving over 100,000 daily customer medicine searches; Dorra, a telemedicine platform with text and video consultations and an AI-powered symptom checker; and DrugStoc Learning, a continuing education platform for pharmacists and healthcare professionals. Underlying technology includes cloud-based applications, AI-powered pharmacy assistance, and proprietary ultra-modern cold-chain logistics for vaccines and biologicals.

The company's go-to-market combines product-led growth for consumer-facing and SMB procurement channels (Medina and TheGoodPill enable self-serve via web and mobile apps) with sales-led motion for enterprise SaaS products (Pillometer and Dorra use 'Request a Demo' and direct sales engagement). Revenue streams are diversified across five models: transaction-based pharmaceutical distribution (Medina), recurring SaaS subscriptions (Pillometer), transaction fees on telemedicine consultations (Dorra), marketplace commissions (TheGoodPill), and transaction-based supply chain financing spread from financial institution partnerships. The platform is licensed by the Pharmacy Council of Nigeria (PCN), ISO certified for quality processes, and NDPR audit compliant for 2025.

DrugStoc serves multiple customer segments including pharmacies, clinics, hospitals, individual patient consumers, healthcare professionals seeking continuing education, and financial institution partners. The company employs 51-100 people and has raised approximately $4.515 million across seed and Series A rounds, with the $4.4 million Series A in November 2021 led by Africa HealthCare Master Fund, Vested World, and DEG earmarked for Sub-Saharan Africa expansion and supply chain financing partnerships. Strategic awards include the 2023 Global Visa Everywhere Initiative (Visa), Top 10 Africa's Business Heroes (Jack Ma Foundation), and consecutive Nigerian Healthcare Excellence Awards (2021, 2022).

Name

DrugStoc

Legal name

Drugstoc Ehub Limited

Website

https://drugstoc.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

DrugStoc is a Nigerian healthtech company operating an integrated pharmaceutical distribution platform spanning B2B e-procurement (Medina), pharmacy operating system (Pillometer), consumer medicine marketplace (TheGoodPill with 100,000+ daily searches), telemedicine (Dorra), and professional development (DrugStoc Learning) for healthcare providers and patients across Sub-Saharan Africa.

Ownership category

akta.pro rank

Product category

Pharmaceutical Distribution Technology

NAICS

Drugs and Druggists' Sundries Merchant Wholesalers (424210)

SIC

Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)

akta.pro primary industry

Medication Inventory, Procurement & Supply Chain (Pharmacy) (HLACAKAI)

akta.pro secondary industries

Pharmacy Benefit/Channel Services (PSAO, 340B Admin, Chargebacks/Rebates Ops) (CRAOAHAK), Medication Therapy Management (MTM) & Clinical Pharmacy Services Tools (HLACAKAH), Virtual Pharmacy & Medication Management Integration Platforms (HLALABAL)

Keywords

• Pharmaceutical distribution
• Healthcare supply chain
• Pharmacy management software
• Pharmaceutical e-commerce
• Cold-chain logistics

Headquarters

HQ city

Oregun

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Pharmaceutical E-Commerce Distribution: Revenue generated from pharmaceutical product sales through the Medina e-commerce platform. Healthcare providers procure genuine medicines via mobile and web applications with transparent pricing and secure payment options.
2. Pillometer SaaS Subscription: Monthly or annual subscription-based revenue from Pillometer pharmacy operating system. Includes point-of-sale, inventory management, and AI-powered pharmacy assistant features.
3. Dorra Telemedicine Services: Revenue from telemedicine consultations, prescription services, and healthcare navigation through Dorra platform.
4. GoodPill Marketplace Commission: Commission-based revenue from connecting pharmacies with customers on The GoodPill platform. Pharmacies pay to list inventory and access customer traffic.
5. Supply Chain Financing: Financial services revenue from supply chain financing partnerships with financial institutions, enabling healthcare providers to access credit for pharmaceutical procurement.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

DrugStoc operates a technology-driven pharmaceutical distribution ecosystem serving healthcare providers across Africa. Its core offering combines a B2B e-commerce procurement platform (Medina) for sourcing genuine medicines with traceable cold-chain logistics, a cloud-based pharmacy operating system (Pillometer) with integrated POS hardware and AI assistant, a consumer-facing digital pharmacy marketplace (TheGoodPill), a telemedicine platform (Dorra), and a professional learning platform for healthcare professionals.

Product overview

DrugStoc is a technology-driven pharmaceutical distribution company operating a platform-plus-products architecture. The core ecosystem consists of DrugStoc E-Commerce (Medina), a B2B e-procurement platform for healthcare providers to source pharmaceuticals with traceable supply chain; Pillometer, a cloud-based pharmacy operating system with integrated POS and AI assistant (D.O.R.A); TheGoodPill, a B2C digital pharmacy marketplace connecting pharmacies to 100,000+ daily customers; Dorra, a telemedicine platform with AI-powered symptom checking; and DrugStoc Learning, a professional development platform for healthcare providers. These products work together to serve the pharmaceutical distribution value chain from wholesale procurement through retail pharmacy operations to end-patient access.

Differentiator

Problem solved

Functional benefit

Brands

• Medina: DrugStoc E-Commerce mobile and web application for seamless medicine sourcing and procurement for healthcare providers across Africa
• Pillometer
• The GoodPill
• DrugStoc Learning
• Dorra

Products and services

• DrugStoc E-Commerce (Medina) A B2B e-commerce platform accessible via mobile and web applications that enables healthcare providers in Africa to source and procure essential pharmaceuticals, life-saving medications, and specialty products from trusted manufacturers and suppliers with end-to-end traceable supply chain, real-time order tracking, inventory management, secure and flexible payment options, and ultra-modern cold-chain logistics for vaccines and biologicals.
• Pillometer A cloud-based Pharmacy Operating System delivered as SaaS that combines point-of-sale, integrated hardware, web app, and mobile app capabilities with D.O.R.A AI for drug interaction alerts, inventory insights, sales intelligence, and patient outcome tracking. Targets pharmacies of any inventory size with plug-and-play setup in 10 minutes.
• TheGoodPill A nationwide B2C digital pharmacy marketplace where pharmacies interact with over 100,000 customers searching for quality medicines daily at the best prices. Provides pharmacies with real-time inventory visibility and enables delivery or pickup options for end consumers.
• Dorra A telemedicine platform providing text and video consultations with doctors, prescription generation, digital medical records, AI-powered symptom checker with health navigator triage, and medication search by proximity, price, and availability with pharmacy integration.
• DrugStoc Learning A professional development and knowledge platform for pharmacists and healthcare professionals offering webinars, on-demand courses covering medical specialties, continuing education credits, and interactive learning with quizzes and case studies.

Quantifiable outcome

• Access to medicines for 100 million people in Sub-Saharan Africa
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature6 records

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Remedial Health: Nigeria-based B2B pharmaceutical procurement and distribution platform serving pharmacies and hospitals with genuine medicines, financing, and tech-enabled ordering — directly comparable to DrugStoc's Medina offering and target pharmacy customer.
• mPharma: Ghana-headquartered pan-African pharma supply chain and pharmacy management company serving pharmacies, hospitals, and patients across multiple African countries — directly overlaps DrugStoc in pharma procurement, inventory management, and patient access.
• Medsaf: Nigeria-based pharmaceutical procurement platform connecting hospitals and pharmacies with verified drug suppliers — overlaps with DrugStoc's core B2B procurement and anti-counterfeit positioning, often cited as a direct local competitor.
• Field Intelligence: Africa-focused pharmaceutical supply chain company ( Shelf Life platform) providing inventory financing and tech-enabled distribution to pharmacies across Kenya, Nigeria, and beyond — comparable supply-chain-as-a-service model targeting African pharmacies.

Emerging players

• Maisha Meds: Kenya-based digital health platform providing pharmacy management software, point-of-sale, and supply chain financing to independent pharmacies in East Africa — comparable Pillometer/SaaS-plus-distribution stack but regionally focused.
• RxAll: Nigeria/US-based drug authentication and pharmacy e-commerce platform using proprietary spectroscopy scanners to verify drug quality — overlaps DrugStoc's anti-counterfeit value proposition and Nigerian pharmacy customer base.
• Lifebank: Nigeria-based medical supplies and blood product delivery platform leveraging logistics technology and cold-chain infrastructure — overlaps DrugStoc's cold-chain distribution capabilities within the same Nigerian market.

Broad incumbents

• Zipline: Global drone-delivery logistics company operating in Africa (Ghana, Rwanda, Nigeria, Kenya) for blood, vaccines, and medical supplies — competes for high-value medical distribution contracts that DrugStoc's cold-chain system also targets.

Others

• Sproxil: Nigeria-headquartered anti-counterfeit verification company providing SMS-based drug authentication used across African pharma supply chains — an enabling/adjacent technology provider addressing the same counterfeit drug problem DrugStoc's traceability claims to solve.
• Chekkit Technologies: Nigeria-based product authentication and consumer engagement platform for pharmaceuticals and FMCG — adjacent anti-counterfeit technology provider serving the same Nigerian pharma supply chain ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/drugstoc
• LinkedInlinkedin.com/company/drugstoc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds5 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DrugStoc