Mohamed El-Sewedy acquires Magma via Averroes Ventures
Egypt-based Magma, a manufacturer of sportswear, has been fully acquired by its incumbent CEO Mohamed El-Sewedy via venture capital firm...
Source: wamda.com
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Shein's $15 million pledge won't stop the flow of fashion waste to Ghana, June — Quartz Africa Weekly — Quartz
Chinese fast fashion retailer Shein can't donate its way out of the waste its products create in west Africa.
Source: qz.com
Egypt's Khazenly raises $2.5 million Seed round
Egypt-based logistics platform Khazenly, has fundraised a $2.5 million Seed round, co-led by Arzan Venture Capital and Shorooq Partners,...
Source: wamda.com
Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2.5M seed funding – TechCrunch
The e-commerce market in Egypt is expected to grow 30% to $7.5 billion this year, spurred by a growing number of younger shoppers and rising incomes. Local merchants are essential in driving this growth, and solving their logistical and operational needs end-to-end is where new upstarts in Egypt notice the most opportunity. Khazenly, founded in […]
Source: techcrunch.com
Khazenly, an Egyptian on-demand warehousing and fulfiLlment platform, raises $2.5M seed funding – TechCrunch
The e-commerce market in Egypt is expected to grow 30% to $7.5 billion this year, spurred by a growing number of younger shoppers and rising incomes. Local merchants are essential in driving this growth, and solving their logistical and operational needs end-to-end is where new upstarts in Egypt notice the most opportunity. Khazenly, founded in […]
Source: techcrunch.com