North AfricaInvestmentsStartups

Kemitt closes its Seed round

The Egypt-based E-commerce platform, Kemitt has secured a six-figure seed fundraise from a group of Saudi Angel investors, which enables it to expand its variety and its reach all over Egypt with the maximum quality and the minimum price by partnering with a network of manufacturers.

Founded in 2017, Kemitt’s online platform allows customers to access over 15,000 SKUs, with an on-demand manufacturing option and 7-12 day delivery services to their doorstep, which saves their time by fully digitising the shopping experience, and using the best tech in the market while offering all payment and financing plans.

“We are very excited about the opportunity this investment gives us. It will enable us to scale up our operations and expand to new markets,” said Mahmoud Fouad, co-founder and CEO of Kemitt, adding that their goal is to put Kemitt as a first choice when the customer considers furniture shopping.

“We invest in technology to drive growth, as we have prioritised solving logistical pain-points to ensure a smooth journey from the factory to customers’ houses. We believe that digitising the furniture industry in the region is crucial for the local economy,” Fouad added.

The startup plans to use the funds to expand its team, operations, further develop its technology and enter new markets in the region, starting with Saudi Arabia.

Source
WAMDA
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