Lifestores Pharmacy
- Company typePrivate
- Founded2018
- HeadquartersLagos, Nigeria
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
Lifestores Pharmacy firmographics
Firmographics- Name
- Lifestores Pharmacy
- Legal name
- Lifestores Healthcare Holdings LTD
- Website
- https://lifestorespharmacy.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Lifestores Pharmacy industry classification
Industry- Product category
- Retail Pharmacy
- NAICS
- Pharmacies and Drug Retailers (456110)
- SIC
- Retail-Drug Stores And Proprietary Stores (5912)
- akta.pro primary industry
- Pharmacy-Led Health & Wellness Discount Retail (CRAEAHAD)
- akta.pro secondary industry
- Health, Wellness & Pharmacy Marketplaces (CRAFABAF)
Keywords
Where Lifestores Pharmacy is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices6 records
Markets served
Lifestores Pharmacy business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure
Revenue model
- Pharmacy Management Software Subscriptions: PharmIQ ERP software is provided as a subscription service to pharmacy customers, granting access to pharmacy management tools under defined terms and usage metrics.
- Marketplace Transaction Fees: OGApharmacy marketplace likely generates revenue through transaction fees on pharmaceutical procurement between pharmacies and suppliers.
- Special Order Pharmaceuticals: Special order services for medicines or devices not easily found or needed in larger quantities, operating on a per-transaction basis.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Enterprise subscription with per-metric volume tiers |
| Transaction based/ take rate | Pay-as-you-go | Per-transaction special order pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Lifestores Pharmacy product offering
Product offeringCore offering
Lifestores Pharmacy operates a chain of retail pharmacy locations in Lagos, Nigeria, an online B2B pharmaceutical procurement marketplace (OGApharmacy) for pharmacies and bulk buyers, and a subscription-based pharmacy management ERP software (PharmIQ). The company sources medicines directly from manufacturers and importers to ensure authenticity, applies everyday low pricing, takes special orders, and runs a subscription chronic disease management program focused on hypertension.
Product overview
Lifestores Pharmacy operates as a multi-product healthcare platform consisting of (1) OGApharmacy, a B2B and B2C online pharmaceutical marketplace for ordering medications across Nigeria, and (2) PharmIQ, a pharmacy management SaaS software for operational support. The company also runs a chain of retail pharmacies in Lagos offering in-person services and a chronic disease management program. The retail pharmacy chain, the marketplace, and the software modules serve complementary roles in the company's mission to provide accessible healthcare across Nigeria.
Differentiator
Problem solved
Functional benefit
Brands
- OGApharmacy: Online pharmaceutical marketplace operated by Lifestores Healthcare for B2B and B2C services.
Products and services
- OGApharmacy Online B2B marketplace connecting pharmacies with vetted pharmaceutical manufacturers and importers, providing bulk buyers access to Lifestores' authenticated-medicine supply chain via a digital procurement platform.
- PharmIQ Subscription-based pharmacy management ERP software that handles inventory, point-of-sale, and operations for retail pharmacies, sold by Lifestores as a SaaS-style offering to pharmacies adopting OGApharmacy.
- Lifestores Pharmacy Retail Chain Network of physical retail pharmacy outlets in Lagos offering prescription and over-the-counter medicines at everyday low prices, with a special-order service for hard-to-find formulations.
- Chronic Disease Management Program Subscription program for patients with chronic conditions (centered on hypertension) that bundles ongoing monitoring, counseling, and structured refill of authentic medicines via Lifestores retail outlets.
Quantifiable outcome
- Target to quadruple patient outreach to reach 400,000 patients by 2023
Companies that use Lifestores Pharmacy
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Lifestores Pharmacy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Lifestores Pharmacy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- TEEMCAREminorPartnership arrangement for the LS-Ilupeju pharmacy location operating under the TEEMCARE brand, representing a store partnership model within Lifestores' pharmacy network.
- WELLROSEminorPartnership arrangement for the LS-Gbagada pharmacy location operating under the WELLROSE brand, representing a store partnership model within Lifestores' pharmacy network.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Lifestores Pharmacy competitors and assessment
Company assessmentDirect peers
- DrugStoc: Nigeria-headquartered B2B pharmaceutical procurement and distribution platform connecting pharmacies to verified suppliers. Closely mirrors OGApharmacy's B2B marketplace proposition and Lagos/Nigeria footprint.
- Remedial Health: Nigeria-based pharma supply chain and B2B ordering platform serving independent pharmacies, with technology and tooling bundled similar to Lifestores' OGApharmacy + PharmIQ combination.
- mPharma: Ghana-headquartered pharma tech company combining retail pharmacy operations, B2B supplier marketplace, and inventory management SaaS for African pharmacies—directly comparable integrated model.
- HealthPlus Pharmacy: Nigeria's largest retail pharmacy chain offering prescription dispensing and wellness products. Competes directly with Lifestores' owned physical pharmacy network in Lagos and beyond.
- MedPlus Nigeria: Nationwide Nigerian pharmacy retail chain selling prescription, OTC, and wellness products; comparable chain-store retail model targeting everyday consumers.
- Medsaf: Nigeria-based pharma supply chain platform with quality-verified sourcing for hospitals and pharmacies. Overlaps Lifestores' authentic-medicines sourcing and B2B procurement positioning.
Regional players
- MYDAWA: Kenya-based licensed online pharmacy marketplace offering prescription and wellness products with home delivery. Comparable B2C online pharmacy proposition in a different East African geography.
Emerging players
- Field Intelligence (Field): Africa-focused pharmaceutical supply chain and inventory financing company serving pharmacies across multiple countries. Comparable B2B pharma-tech and supply-chain tooling for independent retailers.
- RxAll: Nigeria/US-based pharmacy tech company with drug authentication scanning and wholesale marketplace; comparable focus on combatting counterfeit medicines and serving African pharmacies.
Broad incumbents
- CVS Health: US-based pharmacy retail and pharmacy benefit management giant illustrating a fully integrated retail + managed care + digital platform at scale; relevant as the end-state archetype Lifestores is building toward in Nigeria.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Lifestores Pharmacy social profiles
Digital presenceLifestores Pharmacy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lifestores Pharmacy leadership team
Management profileNumber of profiles
Profiles2 records
Lifestores Pharmacy funding detail
Funding detailFunding overview
Funding rounds4 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lifestores Pharmacy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lifestores Pharmacy
What does Lifestores Pharmacy do?
Lifestores Pharmacy operates a chain of retail pharmacy locations in Lagos, Nigeria, an online B2B pharmaceutical procurement marketplace (OGApharmacy) for pharmacies and bulk buyers, and a subscription-based pharmacy management ERP software (PharmIQ). The company sources medicines directly from manufacturers and importers to ensure authenticity, applies everyday low pricing, takes special orders, and runs a subscription chronic disease management program focused on hypertension.
Is Lifestores Pharmacy a public or private company?
Lifestores Pharmacy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Lifestores Pharmacy founded?
Lifestores Pharmacy was founded in 2018. It employs 51 to 100 people.
Where is Lifestores Pharmacy based?
Lifestores Pharmacy is headquartered in Lagos, Nigeria, in the Africa region.
How does Lifestores Pharmacy make money?
Three revenue lines are on record. Pharmacy Management Software Subscriptions are the primary driver. The others are marketplace Transaction Fees and special Order Pharmaceuticals.
Who are Lifestores Pharmacy's main competitors?
Direct peers on record are DrugStoc, Remedial Health, mPharma, HealthPlus Pharmacy, MedPlus Nigeria and Medsaf. MYDAWA is listed as a regional player. Emerging players are Field Intelligence (Field) and RxAll. CVS Health is listed as a broad incumbent.
Does Lifestores Pharmacy have an API?
No public API is recorded for Lifestores Pharmacy.
What industry is Lifestores Pharmacy in?
Lifestores Pharmacy's product category is Retail Pharmacy. Its primary akta.pro industry code is CRAEAHAD, Pharmacy-Led Health & Wellness Discount Retail, with a secondary code of CRAFABAF, Health, Wellness & Pharmacy Marketplaces. Its NAICS code is 456110 and its SIC code is 5912.