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Home News Africa News

Egyptian Start-up, Fakahany Raises $700k Seed Round

Tech Gist Africa by Tech Gist Africa
11/16/2018
in Africa News
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Egyptian Start-up, Fakahany Raises $700k Seed Round

Photo Credit: digestafrica.com

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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.


See Also: African Agriculture Has a Lot to Gain from Increased Access to Big Data


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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  • In Only Two Years, Flutterwave has Processed $2.5 Billion Transactions
  • MTN Partners Ericsson to Launch First 5G Customer Trial in South Africa
  • Nigerian Federal Government Solicits For $500m Tech Innovation Fund from AfDB
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