Lifestores Healthcare

What Lifestores Healthcare does

Lifestores Healthcare Holdings Inc. is a Nigerian health technology company founded in 2017 and headquartered in Yaba, Lagos, that operates a three-product platform targeting the pharmacy value chain. Its core B2B product, OGApharmacy, is a pharmacy management and procurement platform offered to pharmacies and hospitals that aggregates purchasing power across 700+ outlets to deliver 10–20% procurement cost reductions, credit access, and modern inventory software. PharmIQ is positioned as the intelligence/analytics layer on top of this procurement platform, while Lifestores Pharmacy is a direct-to-consumer retail pharmacy network serving 100,000+ patients monthly with affordable medications, delivery, and patient education programs. The company reports sourcing 7,000+ SKUs through top-tier suppliers and claims to serve 10%+ of Nigerian pharmacies.

The business operates a hybrid revenue model combining recurring subscription / procurement-margin revenue from OGApharmacy with transaction-based revenue from the Lifestores Pharmacy retail network. Distribution is exclusively domestic (Nigeria), executed through direct field sales to SMB pharmacies and hospitals on the B2B side and through owned retail pharmacy outlets plus delivery on the D2C side. Lifestores has raised approximately $3.1M in disclosed funding across a 2021 seed round and an October 2022 pre-Series A led by Health54 (the healthcare-focused corporate VC arm of CFAO Group), with additional backing from Google for Startups, Startup Health, Flying Doctors, Consonance, Kepple Africa Ventures, Aruwa Capital, and K50 Ventures.

The company was founded by Andrew Garza (CEO), Bryan Mezue (Director), and Ken Ahaotu, and received the 2018 Obama Foundation Africa Leaders Program recognition. Press coverage spans Quartz Africa, TechCrunch, Financial Times, Business Day, and Disrupt Africa. No revenue, headcount-growth trajectory beyond the 51–100 band, or profitability figures are publicly disclosed.

Name

Lifestores Healthcare

Legal name

Lifestores Healthcare Holdings Inc.

Website

https://lifestoreshealthcare.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Lifestores Healthcare is a Nigerian healthtech operating the OGApharmacy B2B procurement platform for 700+ pharmacies, the PharmIQ analytics layer, and the Lifestores Pharmacy retail network serving 100,000+ patients monthly to democratise access to affordable primary healthcare.

Ownership category

akta.pro rank

Product category

Pharmacy Management Software

NAICS

Pharmacies and Drug Retailers (456110)

SIC

Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122), Retail-Drug Stores And Proprietary Stores (5912), Retail-Nonstore Retailers (5960)

akta.pro primary industry

Health, Wellness & Pharmacy Marketplaces (CRAFABAF)

akta.pro secondary industries

Health & Pharmacy Omnichannel (CRAFAEAK), Pharmacy & Health Essentials Delivery (CRAFAFAI)

Keywords

• Pharmacy management software
• Pharmaceutical procurement platform
• Healthcare technology solutions
• Retail pharmacy services
• Pharmacy credit financing

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Pharmacy Software Platform (OGApharmacy): Revenue generated from providing the OGApharmacy platform to pharmacies and hospitals, enabling procurement optimization, inventory management, and access to credit facilities.
2. Pharmacy Network Operations: Revenue from operating the Lifestores Pharmacy retail network, providing direct patient care services including medication dispensing, delivery, and health education.
3. Healthcare Provider Savings: The platform has enabled over $1M in savings for healthcare providers, indicating value capture through reduced procurement costs and operational efficiency improvements.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Lifestores Healthcare operates the OGApharmacy B2B platform that helps pharmacies and hospitals reduce procurement costs by 10-20%, access credit, and streamline inventory operations through the PharmIQ intelligence layer. On the patient side, the company runs the Lifestores Pharmacy retail network, providing affordable medications, delivery options, and patient education programs across Nigeria.

Product overview

Lifestores Healthcare operates a platform-plus-modules architecture consisting of three distinct products. OGApharmacy serves as the core B2B platform for pharmacies and hospitals, enabling procurement optimization, credit access, and operational software. Lifestores Pharmacy is the patient-facing network offering affordable care, delivery, and education. PharmIQ provides smart pharmacy management capabilities, connecting to the OGApharmacy ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• OGApharmacy: Platform by pharmacists, for pharmacies - helps providers reduce procurement costs by 10-20%, access credit, fast-track procurement process, and use modern software to improve pharmacy operations
• PharmIQ
• Lifestores Pharmacy

Products and services

• OGApharmacy A pharmacy procurement and operations platform for pharmacies and hospitals that enables 10-20% procurement cost reductions, access to credit facilities, fast-track procurement processes, and modern inventory and operations software to improve pharmacy performance.
• Lifestores Pharmacy A patient-facing pharmacy network providing high-quality, affordable medications, delivery options, and patient education programs to individuals in Nigeria.
• PharmIQ A smart pharmacy management and intelligence layer powering operational decision-making across the OGApharmacy ecosystem, designed for pharmacy inventory, demand, and operations intelligence.

Quantifiable outcome

• Reduce procurement costs by 10-20%
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• mPharma: mPharma is a Ghana-headquartered pharmacy platform operating across multiple African countries that manages inventory, procurement, and retail pharmacy operations. It is the most direct comparable to Lifestores' combined OGApharmacy B2B procurement + Lifestores Pharmacy D2C retail model, although it is larger and more geographically diversified.
• Medsaf: Medsaf is a Nigeria-based B2B pharmaceutical procurement and supply-chain platform connecting hospitals and pharmacies with vetted drug suppliers. It directly overlaps with OGApharmacy's procurement, financing, and inventory positioning for Nigerian healthcare providers.
• DrugStoc: DrugStoc is a Nigerian B2B pharmaceutical e-commerce and distribution platform serving pharmacies, hospitals, and clinics with verified medicines and embedded financing. It competes head-to-head with OGApharmacy for the same SMB pharmacy procurement wallet in Nigeria.
• Kasha: Kasha is a Rwanda-based health and personal-care e-commerce platform serving both B2B clinics/pharmacies and B2C consumers across East Africa with delivery and credit. Its hybrid B2B/B2C model mirrors Lifestores' OGApharmacy + Lifestores Pharmacy architecture, though in a different geography.
• RxAll: RxAll is a Nigerian/US health-tech company that built drug authentication and a B2B pharmaceutical procurement platform for African pharmacies. It overlaps with Lifestores on procurement platforming and the counterfeit-drug quality assurance narrative.

Emerging players

• Goodlife Pharmacy: Goodlife is an East African retail pharmacy chain offering affordable medications, last-mile delivery, and digital health services. It is comparable to Lifestores' retail pharmacy network and delivery model, though focused on Kenya/Uganda rather than Nigeria.

Broad incumbents

• HealthPlus Pharmacy: HealthPlus is one of Nigeria's largest retail pharmacy chains with broad prescription, OTC, and beauty assortments across physical locations. It represents the incumbent D2C retail pharmacy competition that Lifestores Pharmacy competes against for patient footfall and brand.
• Zipline: Zipline operates drone-based medical supply delivery to hospitals and pharmacies across Ghana, Nigeria, Rwanda, and other African countries. It is an adjacent last-mile player in the African pharmaceutical supply chain that Lifestores could partner with or compete against for fast delivery to providers.

Others

• Helium Health: Helium Health is a Nigerian health-tech company providing EMR, hospital management, and billing software to healthcare providers across West Africa. It is a thematic African health-tech peer — overlapping customer base of Nigerian clinics and hospitals — rather than a direct pharmacy competitor.
• Reliance Health: Reliance Health is a Nigerian digital health insurer and telemedicine provider combining health plans with virtual consultations and pharmacy fulfillment. It intersects with Lifestores on the patient-facing Nigerian primary-care journey and could be both a distribution partner and adjacent competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/LifestoresNG
• Facebookweb.facebook.com/lifestoresng/?_rdc=1&_rdr
• LinkedInlinkedin.com/company/lifestores-healthcare
• Instagraminstagram.com/lifestoresng

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors4 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 Lifestores Healthcare