Three Egyptian startups have been selected as part of the Techstars Riyadh accelerator, which provides US$120,000 in funding and other scaling support to 12 companies from across the MENA region.
Three Egyptian startups are among the latest cohort, which includes startups from Saudi Arabia, Jordan, and the United Arab Emirates (UAE). Tegarti is a cloud-based point of sale and retail management platform; Glamera enables customers make appointments for beauty services from service providers; and Untap is an all-in-one software that helps companies plan, launch, manage, and assess online innovation and talent acquisition programmes.
Techstars Riyadh, which is run in partnership with the Saudi Arabian Ministry of Communications and Information Technology (MCIT) and Raed Ventures, invests $120,000 in each selected company and provides hands-on mentorship and access to the Techstars network.
The 13-week program began earlier this month and will conclude on February 17, 2022 with a demo day.
Tegarti’s selection for Techstars Riyadh coincided with the official launch of its platform, following a soft launch in April that saw its app receive over 3,000 downloads from Egypt and other MENA countries.
Tegarti provides features and accessibility to merchants of various sizes, with features and accessibility ranging depending on the industry, size of the business, and services provided. The company, on the other hand, offers a uniform experience for its point of sale, which is an important aspect of the user experience.
“We’re building an ecosystem for merchants. Yes it’s a long journey and the game is on. Consequently, merchants will be able to use Tegarti for every aspect of their business needs soon. Furthermore, instead of solo-building everything, we choose to partner with ecosystem players who share our vision towards creating a more added value and a coherent solution for merchants,” said co-founder Abdalaziz Elbahnasy.