Ad automation platform - Convertedin - raises $3 million to facilitate research and strategic hiring
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Convertedin, an Egyptian ad automation platform, has raised $3 million in its seed round. The round had leading participation from Merak Capital,…
Cairo-based Khazenly raises $2.5m in its Seed Funding round
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Cairo-based on-demand digital warehousing startup, Khazenly, has completed its seed funding round. The startup raised $2.5 million from series of investors. Khazenly’s…
Egypt-based Appetito acquires quick-commerce company - Lamma
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Since the beginning of the COVID-19 pandemic, and the lockdown that came after it, companies running e-commerce and delivery services have become…
The Food Lab, an Egyptian-based cloud kitchen platform, raises $4.5m to push its expansion
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The Food Lab offers full suite of end-to-end services, including cloud kitchen (kitchen as a service), procurements, cooking, delivery, and marketing.
Fintech startup - Khazna - raises $38 million to improve financial inclusion for under-banked Egyptians
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Egyptian financial sector has been experiencing an overhaul in the way the unbanked and under-banked citizens get financial inclusion. With about 50%…
Lucky, an Egyptian fintech startup, raises US$25 million in its series A funding round
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Egyptian-based Fintech company, Lucky, has closed a $25 million Series A funding round. Lucky, which was founded in 2018, is a super…
After raising $5m seed fund, Nawy set to introduce mortgage services for pre-owned properties
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Egyptian property technology start-up, Nawy, has positioned itself ready to take the future head-on. This bold move comes after the Cairo-based startup…
Egyptian Ride-sharing Startup - Swvl - to Merge with US-Based Queen's Gambit; Plans to List on NASDAQ
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Egyptian transport start-up Swvl has announced that it would be going into a merger with US-based acquisition company, Queen’s Gambit Growth Capital….
Egyptian Grocery Delivery Startup - GoodsMart - Completes US$3.6m Fundraise
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Cairo-based online grocery startup, GoodsMart has raised US$3.6 million in funding, led by Sawari Ventures. GoodsMart says the funds would be used…