Pakistani health tech platform raises $6 million to expand across GCC

The undated photo shows representatives from shows Pakistan-based health tech platform MedIQ and Saudi Arabia’s venture capital Rasmal Ventures. (MedIQ Smart Healthcare/ Instagram)
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Updated 11 May 2025
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Pakistani health tech platform raises $6 million to expand across GCC

  • Founded in 2020, MedIQ says it provides convenient on-demand and cashless walk-in services to its customers
  • MedIQ says will use funding to strengthen technology stack, scale operations in Kingdom’s health tech market

ISLAMABAD: Pakistan-based health tech platform MedIQ recently announced it has raised $6 million in a series A funding round led by Saudi Arabia’s venture capital Rasmal Ventures and the Kingdom’s investment company, Joa Capital. 

MedIQ was founded by Dr. Saira Siddiqui, a doctor who holds a PhD in Health Economics from the University of Yorkshire, in 2020 in Pakistan’s capital Islamabad. 

The startup aims to redefine health care through a digitally enabled hybrid ecosystem and is currently operating in Pakistan, Saudi Arabia, the United Arab Emirates (UAE) and Canada.

“This over-subscribed round signals strong investor confidence in our accelerated market traction, validates our excellence in engineering to support in becoming the leading health tech player in MENA, and reinforces the great experience our customers have with MedIQ Solutions,” the platform said in a LinkedIn post on May 4. 

“With fresh capital, a focused team, and a purpose-driven founder, MedIQ is now primed to scale across the GCC to become a regional leader,” it added. 

The company, which expanded into Saudi Arabia in 2023, said it will use the funding to strengthen its technology stack, scale operations in the Kingdom’s health tech market and support entry into Qatar and neighboring Gulf markets.

In an interview with Arab News in 2023, Dr. Siddiqui expressed her desire to see the platform expand across GCC countries. 

Siddiqui had said women were the bulk users of MedIQ’s products as it is usually hard for them to visit hospitals without male companions in Pakistan and the Middle East. 

“According to the figures which we have, about 74 percent of our users are women and [the] women having children or dependents such as older parents,” she had said.


Deadly explosions in northwest Pakistan kill three, wound over 20

Updated 7 sec ago
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Deadly explosions in northwest Pakistan kill three, wound over 20

  • Unexploded mortar shell in Bajaur home kills one, injures nine including children
  • Motorcycle bomb near Bannu police station kills two, wounds 12 civilians

PESHAWAR: At least three people were killed and more than 20 others injured in two separate explosions in Pakistan’s northwestern Khyber Pakhtunkhwa province, officials said on Monday.

Pakistan has witnessed a steady rise in attacks in Khyber Pakhtunkhwa since the Taliban returned to power in Afghanistan in 2021, with most violence targeting police and security forces in former tribal districts along the border. 

Islamabad says the Tehreek-e-Taliban Pakistan (TTP) has reorganized across the frontier and operates from safe havens inside Afghanistan, a charge Kabul rejects, insisting it does not allow its territory to be used against other countries.

In the first incident, a senior police officer Anwar Zeb told Arab News a suspected mortar shell exploded in Salarzai, a remote town in Bajaur district, killing one person and injuring nine others.

“Initial reports indicated that children had found an unexploded mortar shell and brought it home, where it later detonated late Sunday evening,” he added.

Riaz Khan, media officer at Bajaur Rescue1122, said those injured in the blast included men, women and children.

“A rescue team was swiftly dispatched to the area to evacuate those dead and injured to the nearest medical facility,” he added.

In a separate incident, a remote-controlled bomb planted in a motorcycle exploded near Miryan Police Station in southern Bannu district, according to Aamir Khan, spokesman to Regional Police Officer.

“The explosive device had been installed in a motorcycle parked near shops in front of the police facility, killing two civilians while 12 others sustained injuries,” he added.

Security forces cordoned off the area immediately after the explosion and launched a search operation.

Investigations into both incidents are ongoing.