Proceeds to drive product development and quadruple its facilities
Khazenly, the Cairo-based on-demand digital warehousing and fulfilment platform, recently announced its successful seed fund raise of US$ 2.5mn.
The funding round was co-led by leading regional venture capitalists Arzan Venture Capital, specialized in innovative, early-stage startups, and Shorooq Partners, focused on seed-stage tech funding across MENAP. Other investors included Fintech-focused fund Camel Ventures, Averroes Ventures, and various angel investors.
Proceeds will be used to develop Khazenly’s products and services and quadruple its existing facilities. Geographical expansion will also be supported as Khazenly continues its rapid growth trajectory during 2022.
Founded in mid-2021 by Mohamed Younes (CEO), Osama Aljammali (CCO), Mohamed Montasser (CXO), and Ahmed Dewidar (CTO), Khazenly is shaping the future of e-Commerce in Egypt. The Company’s convenient, affordable, transparent, omni-channel solution helps merchants grow their businesses and supercharge the digitalization of their fulfilment processes.
Via its simple and transparent subscription-based packages, Khazenly’s fully digitized platform is a one-stop-shop solution for the full spectrum of fulfilment services, from warehousing, to cross-docking, transportation, delivery, and cash collection services.
Its end-to-end platform means that retailers and e-Commerce entrepreneurs can digitally optimize their fulfilment processes, when selling online (B2C), via retail stores (B2B), marketplaces, cross-border, or a combination of these channels.
“At Khazenly, our simplified, technology-fueled platform, high-caliber experienced team, and network of market-leading partners help merchants grow and scale,” stressed Mohamed Younes, Co-Founder and Chief Executive Officer.
Khazenly plans to continue expanding its portfolio of data-driven products, such as its flagship Mobile Dark Stores, which elevate the merchants’ experience by forecasting the products to be warehoused in line with market demand, while also enhancing shopper experience by ensuring a prompt delivery window.
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