Monday, July 4, 2022
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Ecommerce

Gahez, an Egypt-based e-commerce startup and B2B fashion marketplace, has raised a pre-Seed round of $2 million

Tech Gist Africa by Tech Gist Africa
01/04/2022
in Ecommerce, Funding, Middle East and Africa, News - Middle East And North Africa, Startups, Venture Capital
0 0
0
Gahez

Gahez

0
SHARES
Share on FacebookShare on Twitter

Gahez, an Egypt-based e-commerce startup, and business-to-business fashion marketplace have raised $2 million in its most recent funding round.

Disruptech Ventures, Egypt Ventures, Tanmeyah (an EFG Hermes company), Afropreneur fund, and other strategic angel investors participated in the pre-Seed round.

Gahez launched at the end of 2021 as an online marketplace with the mission of transforming the wholesale distribution platform by streamlining the process between retailers and manufacturers, thereby improving the online trading cycle.

In addition, Gahez provides retailers with on-credit facilities to ease the collection process while third-party aggregators handle cash settlements with suppliers.

By providing powerful sales, marketing, and analytics tools, the Gahez platform helps manufacturers and brands focus on making the right products and growing their business.

Over 15,000 brick-and-mortar stores, 142 manufacturers, and over 4,000 SKUs (Gahez’s SKU is a wholesale set of sizes and colors) have been on-boarded onto their platform since Gahez launched in 2021, with a focus on online sellers, street vendors, and street vendors.

When asked about Gahez’s expansion and growth, industry veteran and co-founder/CEO Wael Olama said, “We are on a mission to revolutionize the way retailers shop for their stores by relieving them of the stress of managing and sourcing. According to our estimations, the Egyptian/African apparel market is largely untapped and fragmented, making it an ideal place for Gahez to grow and establish itself.

Gahez’s growth and geographic expansion within the region will be accelerated in response to strong demand from neighboring African countries.

Using the newly acquired funds, Gahez plans to invest in cutting-edge technology and the recruitment of top-tier personnel to meet the needs of all of its target customers and to prepare for future growth.

 

Read more on Tech Gist Africa:

Reposify, an Israeli startup, has raised $8.5 million in a seed round to combat security threats posed by unknown internet-facing assets

Sympl, an Egyptian BNPL startup, raises $6 million in funding to expand

Planet42, a South African car subscription startup, has raised $30 million in funding

 

ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

OKO Mali
Funding

OKO, a Mali-based insurtech, has raised $500k in a seed extension round

by Tech Gist Africa
07/04/2022
0

OKO, a Malian insurtech startup, has raised a US$500,000 seed extension round to aid in its Ivory Coast expansion and...

Read more
afrikamart senegal

Afrikamart, a Senegalese agritech startup, has raised $850k in seed funding

07/04/2022
Wingcopter Germany

Wingcopter receives funding of US$42 million to expand its network throughout sub-Saharan Africa

07/04/2022
Sava South Africa

Sava, a South African spend management platform, secures $2 million in pre-seed funding

07/04/2022
Talabeyah Egypt

MNT-Halan acquires Talabeyah, an Egyptian B2B e-commerce startup

07/04/2022
Next Post
mPharma Gregory Rockson

mPharma, a Ghanaian health technology startup, announces a $35 million Series D funding round

Classic BlackBerry phones

BlackBerry has announced that it would no longer be providing support for its old mobile devices.

Alvin

Alvin, a Kenyan money manager startup secures $740,000 in pre-seed funding

No Result
View All Result

The Big 5

google Tech Gist Africa

Google Analytics is now banned in Italy, making it the fourth country in the European Union to do so

by Tech Gist Africa
07/04/2022
0

...

ehealth healthcare tech news africa

To support e-health entrepreneurs in Africa, a new $7 million i3 program has been launched

by Tech Gist Africa
07/04/2022
0

...

khaby lame

Khaby Lame, the biggest TikTok star in the world, is now a global brand ambassador for Binance

by Tech Gist Africa
07/04/2022
0

...

Apple CarPlay

Apple wants to sell fuel from its CarPlay dashboard as it ramps up its automotive software development

by Tech Gist Africa
07/04/2022
0

...

Snapchat

Snap has launched a paid version of its Snapchat app

by Tech Gist Africa
07/04/2022
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.