Egyptian ecommerce start-up, Fakahany has raised $700K seed round fund led by Endure Capital and angel investors. Fakahany allows users to order fresh fruits and vegetables through its online platform or mobile apps.
Launched in 2017 by Waleed Khalil, a partner with Endure Capital, and Ahmed Attia, Fakahamy’s co-founder.
They own warehouses, and source fresh produce directly from certified farms.
“Fakahany focuses on closing the gap between farms and customers and optimizing the processes in between. By doing so we are able to provide our customers with fresh produce of the highest quality combined with great value for money and convenient delivery to your doorstep,” said Ahmed Attia, co-founder of Fakahny.
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The start-up has seen a great level of demand in the market and has been able to grow its revenues ten-fold in the last one year, a statement said.
Fakahany co-founder and CEO, Waleed Khalil said, “We chose this vertical understanding the challenges of working with fresh produce and perishable goods. However, the great calibres that we have and collective industry experience within our team has allowed us to build a powerful e-commerce platform and sturdy operations that enable fast growth and a seamless experience for our customers.”
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