The round was led by Arzan Venture Capital and Shorooq Partners with participation from Camel Ventures, Averroes Ventures, and a number angel investors, the company said in a release
Egyptian B2B logistics and digital warehousing platform Khazenly recently secured a $2.50 million seed funding round to fund its growth plans for 2022 and further its services.
“At Khazenly, our simplified, technology-fueled platform, high-caliber experienced team, and network of market-leading partners help merchants grow and scale. I am delighted to announce our successful seed funding round, meaning we can build on our success and position Khazenly as a regional leader in fulfilment and logistics, as we shape the future of e-Commerce in Egypt and beyond," said Mohamed Younes, Co-Founder and Chief Executive Officer.
Khazenly’s end-to-end platform provides an omni-channel solution that allows retailers and ecommerce entrepreneurs to digitally optimize their fulfilment processes through retail stores (B2B), marketplaces, cross-border, or a combination of these channels.
“We have a strong pipeline of contracts that require us to expand our space,” said CEO Younes, “We are on the cusp of tremendous client growth in Egypt due to our constantly innovative solutions … We are very proud of our achievements to date, and are thrilled about the immediate future.”
The round was led by Arzan Venture Capital and Shorooq Partners with participation from Camel Ventures, Averroes Ventures, and a number angel investors, the company said in a release.
Khazenly will use the funding to grow its physical footprint with an eye to quadruple the company’s facilities, build more data-driven products, and expand its geographic reach.
