by RJ Shara | Sep 21, 2021 | Startups
Year-old start-up Capiter announced last week that it raised a $33 million Series A to digitize Egypt’s standard offline retail market. It’s seeking to take a big pie in the budding e-commerce and retail play, where numerous start-ups are pulling their weight consisting of Cartona, also a year-old start-up out of Egypt. Today, Cartona is announcing that […] Cartona works as an asset-light marketplace. On the platform, grocery retailers can get orders from a curated network of sellers. Providers and fmcgs can enhance their go-to-market execution through the use of data and analytics. Cartona has over 30,000 merchants on its platform. 
…
by RJ Shara | Sep 13, 2021 | Startups
Funding start-ups that help sellers and makers distribute items and merchants access them on a single platform keeps increasing throughout Africa. Today, Cairo-based B2B e-commerce start-up Capiter continues that trend by raising a$33 million Series A round. The investment was co-led by Quona Capital and MSA Capital. Other getting involved investors include Savola, Shorooq Partners, […]
For merchants, Capiter attends to three problems. Over 50,000 merchants and 1,000 sellers use Capiter. Capiter has actually attracted an international team that brings together competence from companies like Careem and Flipkart required to accomplish the business’s targets, stated Mahmoud. Capiter also prepares to diversify its monetary services offerings to include payments. Today, Cairo-based B2B e-commerce startup Capiter continues that pattern by raising a$33 million Series A round….
by RJ Shara | Sep 8, 2021 | Startups
Over 70% of Egypt’s fast-growing and young population of over 100 million is economically underserved in spite of mobile penetration surpassing 90%. Due to the fact that of their costs power or monetary status and fintechs have seized the opportunity to cater to their requirements, traditional banks frequently ignore this segment. One such fintech is MNT-Halan, and today, the company which […] In 2017, Mounir Nakhla and Ahmed Mohsen began Halan as a ride-hailing and shipment app providing 2 and three-wheeler services to clients in Egypt. MNT-Halan claims to be Egypt’s largest and fastest-growing lender to the unbanked. Serving over 4 million clients in Egypt, of which 1 million are monthly active users, MNT-Halan has actually disbursed over $1.7 billion worth of loans to 1.8 million debtors given that beginning. The co-founders and managing partners Matteo Stefanel and Udayan Goyal said this in a declaration, “We are delighted to be investing in MNT-Halan, which is our very first financial investment in Egypt. 
…
by RJ Shara | Aug 25, 2021 | Startups
Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the biggest Series A on the continent, to the tune of $40 million. Today, it has actually raised a $15 million extension from existing investors — — RMBV, IFC, Flourish Ventures, Crystal Stream Capital, Increase Capital, Endeavour Catalyst, Beco Capital […] Niama El Bassunie co-founded WaystoCap with Mehdi Daoui, Anis Abdeddine and Aziz Jaouhari Tissafi in 2015. That service design got WaystoCap into Y Combinator’s Winter season batch in 2017, making it the first business accepted from Morocco. Both business agreed to work together rather than complete with each other. El Bassunie will take over the position as the managing director at MaxAB Morocco. 
…
by RJ Shara | Aug 22, 2021 | Startups
Servicing one’s cars and truck personally is a lengthy, pricey and painstaking procedure. It’s a cycle that can result in more pricey repair work and safety concerns down the line, and no car owner likes that. Egypt and Dubai-based auto tech start-up Odiggo is a platform resolving this issue. It enables vehicle owners to get the aid they […] The rosters of existing financiers participating in the round are Y Combinator, 500 Startups, and Plug and Play Ventures. In an industry today worth over $61 billion in the Middle East and Africa alone, Odiggo is looking to end up being a market leader. 
…
by RJ Shara | Jul 28, 2021 | Startups
Queen’s Gambit Growth Capital, the women-led SPAC in charge of the offer, called Swvl ‘a disruptive platform that fixes complex obstacles and empowers underserved populations.’ After its Egypt launch, Swvl broadened to Kenya, Pakistan, Jordan and Saudi Arabia., Swvl has raised over $170 million. From an African viewpoint, Swvl features as one of the most venture-backed startups on the continent. 
…
by RJ Shara | Jul 15, 2021 | Startups
The worldwide social market is rapidly growing. With over 1.25 million online social sellers in Egypt alone, the Egyptian social e-commerce market is forecast to be worth more than $14.8 billion by 2024. One of its players, Taager, is a social e-commerce platform making it possible for online merchants with end-to-end logistics. Today, it is revealing that it […] , there is a fragmentation in between these procedures for new merchants. Social e-commerce internationally is on the increase, and in MENA. 
…
by RJ Shara | May 26, 2021 | Startups
Africa-focused and chinese-backed fintech platform OPay is in speak with raise approximately $400 million, The Info reported today. The fundraising is coming 2 years after OPay revealed 2 financing rounds in 2019 — — $50 million in June and a $120 million Series B in November. The $170 million raised so far originated from mainly […] This year, its parent company Opera reported that OPay’s month-to-month deals grew 4.5 x last year to over$ 2 billion in December. OPay plays in an exceptionally competitive fintech market., fintech is probably the most appealing digital sector in the nation. None of its strategies to expand to South Africa and Kenya (nations it revealed interest in during its Series B) has come to fulfillment. 
…
by RJ Shara | May 18, 2021 | Startups
In a lot of parts of Africa and the Middle East, a consumer journey and experience in purchasing furnishings is not enjoyable. A common shopping procedure would involve watching out for the best price and quality and requesting for recommendations and inspecting offline stores, one after another. It is uncommon to find one-stop stores, specifically big offline […] Over the last 12 months, Homzmart declares to have grown 30x in sales. Homzmart’s very first year in business was all about understanding supply and demand.”Whatever we did in Egypt, we require to do throughout the area. 
…
by RJ Shara | May 17, 2021 | Startups
Per a recent report by Bain & & Co., e-commerce is anticipated to grow to $28.5 billion in MENA by 2022 from a 2019 value of $8.3 billion. Egypt, among the most active e-commerce nations in the area, is expected to grow 33% every year to reach $3 billion by 2022. For any e-commerce company [ …] And at that time, you understand that e-commerce is still really, extremely small. The company business does not fleets of vehicles cars carry bring operations. And to be a market leader when it comes to e-commerce on the continent and be rewarding. 
…
Recent Comments