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Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2.5M seed funding

TechCrunch LogoTechCrunch2 mo ago

Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2.5M seed funding

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The e-commerce market in Egypt is expected to grow 30% to $7.5 billion this year, spurred by a growing number of younger shoppers and rising incomes.

Local merchants are essential in driving this growth, and solving their logistical and operational needs end-to-end is where new upstarts in Egypt notice the most opportunity.

He argues that these merchants don’t have the resources to pull off renting a large warehouse and engage in manual processes when carrying out operations.


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Article Details

Author / Journalist: Tage Kene-Okafor

Category: StartupsTechnology

Topics: Huawei Warehouse Merchandising E-commerce TC Online shopping Artificial intelligence Transportation ECommerce Shorooq Partners Logistics Uber Africa Fashion Player Amazon DB Schenker Egypt Retail stores IBM Recent Funding Executive Startups Marketing Logistics Electronics Ceo Supply chain management

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-15, 09:00:36

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 5 minutes read

Article Length: 809 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 173

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