Kemit, an Egypt-based e-commerce platform, has secured a six-figure seed funding from a group of Saudi Angel investors .
Kemitt’s online platform, which launched in 2017, provides customers access to over 15,000 SKUs, as well as on-demand manufacturing and 7-12 day delivery services to their doorstep, saving them time by fully digitizing the shopping experience and utilizing the best technology available, while also providing all payment and financing options.
The funds will be used to finance Kemitt’s expansion and operational growth plans, as well as the company’s technology and expansion into new markets in the region, starting with Saudi Arabia.
Kemitt will be able to expand its variety and scope across Egypt by partnering with a network of suppliers while keeping the highest quality and lowest pricing.
“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.