Teegara, a Cairo-based e-commerce startup, has secured a five-figure pre-seed follow-on investment round to help fund its early growth.
Teegara is a B2B2C e-commerce marketplace founded in 2019 by Ahmad Kayyali and Nader Ibrahim, with Ahmed Samir as the first investor. It seeks to help everyone trade, starting with small retailers and social e-commerce merchants.
Teegara simplifies the purchase process and connects a broad pool of vendors and merchants through its digital platform.
The startup’s pre-seed funding round is led by the Alexandria Angels Network, as well as angel investors from Saudia Arabia, Egypt, and the Netherlands.
“This is the era of B2B and social e-commerce, with millions of online merchants and small retailers. This market is eager for the kind of value that Teegara provides,” said Kayyali.
Co-founder of Alex Angels Loay El Shawarby said Teegara was perceived by many angel investors to be the rising star of B2B2C e-commerce in Egypt, and soon the region at large.
“The team is brilliant and their expertise is immense. Their combined talent and maturity would surely turbocharge Teegara to meteoric growth! On behalf of Alex Angels, I am happy to announce our joining of Teegara’s pre-seed round. We look forward to partaking in Teegara’s growth journey,” he said.