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ecommerce

Beltone Venture Capital acquires 20% of ariika in a Series A funding round

Ariika announced that it will use the fund raised to expand its regional presence across the MENA region starting with Saudi Arabia.

Egyptian startup and VC companies are leaders in funding within MEAPT region | MAGNiTT

Africa accounted for 51% of total MEAPT funding, and 26% of the region’s deals, however, funding and deals fell by 54% and 50% year-on-year respectively, the report wrote

Egypt named one of MENA’s top tech hotspots, regional IT spending to reach $178.1B in 2023

MENA’s ecommerce market was valued at $37 billion, with the report predicting that it will exceed $57 billion by 2026

Egyptian FinTech for restaurants OneOrder secures $3M seed round

OneOrder offers a one-stop shop for those in the HoReCa (hotels, restaurants, and catering) industries to solve supply chain pain points

B2B e-commerce startup Capiter removes co-founders for “inability to fulfill duties”

Stepping up to the plate is Majid El Ghazouli, Capiter’s CFO, who will act as interim CEO until the Nouh brothers “return and allay the concerns of employees, suppliers, creditors and stakeholders.”