Tag: Egypt
Cartona gets $4.5M pre-Series A to connect retailers with suppliers in Egypt
Year-old startup Capiter announced last week that it raised a $33 million Series A to digitize Egypt’s traditional offline retail market. It’s looking to take a large pie in the budding e-commerce and retail play, where multiple startups are pulling their weight including Cartona, also a year-old startup out of Egypt.…
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Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA
Funding startups that help manufacturers and sellers distribute products and merchants access them on a single platform keeps increasing across Africa. Today, Cairo-based B2B e-commerce startup Capiter continues that trend by raising a $33 million Series A round. The investment was co-led by Quona Capital and MSA Capital. Other participating…
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Y Combinator, 500 Startups, Plug and Play invest in Odiggo’s $2.2M seed round
Servicing one’s car personally is a time-consuming, expensive and painstaking process. It’s a cycle that can lead to more expensive repairs and safety issues down the line, and no car owner likes that. Egypt and Dubai-based auto tech startup Odiggo is a platform addressing this problem. It allows car owners…
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MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion
Globally, food and grocery delivery startups have been raising mega-rounds of late, especially those in Europe as the pandemic has given rise to more people ordering online more than ever. This growth has translated to an increase in volume across e-commerce platforms all over the world. While there has relatively…
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Germany’s icon group VC bets $30M to back startups enabling traditional companies to pivot
Icon group is a new $30M VC fund being launched out of Germany’s iconmobile group, a WPP network agency. This means a reorganization of the company from a full-service innovation agency into also offering VC backing. iconmobile has garnered a reputation as an innovative technology, design, and sustainability agency, but…
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Apple’s new encrypted browsing feature won’t be available in China, Saudi Arabia and more: report
Apple announced a handful of privacy-focused updates at its annual software developer conference on Monday. One called Private Relay particularly piques the interest of Chinese users living under the country’s censorship system, for it encrypts all browsing history so nobody can track or intercept the data. As my colleague Roman…
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