• Advertise
  • Jobs
  • Freelance Gigs
  • Motoring
  • Money
Thursday, May 26, 2022
  • Login
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists
No Result
View All Result
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists
No Result
View All Result
TechMoran
No Result
View All Result
Home Startups

Egyptian B2B marketplace Teegara raises undisclosed Bridge round for expansion.

Teegara.com, an Egypt-based e-commerce startup focused on household and FMCG products, has secured an undisclosed bridge round from a number of nations, led by Alexandria Angel Network.

“Teegara obtained a bridge round of financing from Alex Angels with the participation of investors from Saudi Arabia, Egypt, and Jordan. This round will be utilized in its expansion plan of the company by adding more verticals to its platform and hiring more sales and operations forces in addition to enhancing its technical capabilities. The company is preparing for its “Seed round” of financing during the second half of 2022 with VCs from the region.” Ahmad Kayyali, founder and CEO of Teegara.com, said.

Teegara.com is an online B2B marketplace founded by Ahmad Kayyali, Nader Ibrahim, and Ahmed Samir. Teegara.com seeks to help new small traders get the most out of using the service by providing innovative distribution techniques, strategies to increase both margins and earnings for small merchants by minimizing the two-three rings between suppliers and merchants, as well as credit lines and other financial aids.

The area Teegara.com wants to work on is difficult as it lies in-between e-commerce on one hand and traditional merchants and distributors on the other, neither being categorized as pure e-commerce nor traditional merchants.

Teegara.com has a goal of being able to connect vendors directly to merchants through their digital ordering platform and mobile apps among the many other benefits that are offered is that merchants and vendors use it to grow their sales while lowering the cost of the product on them by overlooking the middlemen between the vendor and the merchant. 

The services and beneficiaries Teegara.com offers are first-hand prices, innovative payment methods, fixable shipping and return procedures, and a vast assortment of household products, plastics, kitchenware, detergents, makeup, and lingerie directly from factories to merchants.

Alex Angels Investor, Ramy Gamal reflects “Pleased and excited to participate in Teegara’s new investment round following my participation in their first investment round last year. This comes as a reflection of my belief in the founders’ team vision, dedication, and the real socioeconomic value Teegara is offering to its customers. I’m so optimistic about seeing significant growth in Teegara after this round and inviting VCs to stay tuned and keep an eye on this startup.”

Readers 354

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Weddy Thuranira

Weddy Thuranira

Weddy profiles new startups and innovators across Africa and announces funding rounds, mergers, acquisitions and startup partnerships across Africa. She is based in Nairobi, Kenya. Reach her and the entire news desk at editor@techmoran.com

Related Posts

develoPPP Ventures to grant up to 100,000 euros to startups in Ghana & East Africa for suitable growth
Startups

develoPPP Ventures to grant up to 100,000 euros to startups in Ghana & East Africa for suitable growth

by James Musoba
May 26, 2022
0

develoPPP Ventures is looking for Ghana, Kenya and Tanzania-based startups to apply for a grant of up to 100,000 euros...

Nigerian crypto exchange Yellow Card launches in Ivory Coast.
Startups

Nigerian crypto exchange Yellow Card launches in Ivory Coast.

by Weddy Thuranira
May 26, 2022
0

Nigerian cryptocurrency exchange Yellow Card has added Ivory Coast to its list of 16 countries where it operates as it continues to expand across Africa, Since its debut in Nigeria in 2018, Yellow Card has made it their mission to bring financial freedom to all by making it simple for anybody, wherever in Africa, to buy cryptocurrency at the best rates using cash, mobile money, cards, and bank transfers. Ivory Coast's Yellow Card country manager, Sylvio Contayon, is optimistic about the journey ahead, claiming that the country is an untapped market with an increasing number of crypto enthusiasts. Yellow Card, which was founded in 2018 and launched in Nigeria in 2019, allows anyone in Africa...

Solar Sister & LivelyHoods Kenya merge to bring clean energy to millions of people in sub-Saharan Africa
Solar

Solar Sister & LivelyHoods Kenya merge to bring clean energy to millions of people in sub-Saharan Africa

by James Musoba
May 26, 2022
0

Solar Sister, Inc. and LivelyHoods Kenya have merged in a move expected to bring economic opportunity and clean energy to...

Esaal, Egypt’s online health and wellness platform raises $1.7M to expand across the MENA region

Esaal, Egypt’s online health and wellness platform raises $1.7M to expand across the MENA region

May 26, 2022
GSMA improves Women’s Digital Safety with Mobile Tokenisation 

GSMA improves Women’s Digital Safety with Mobile Tokenisation 

May 26, 2022
Equity bank rolls out chatbot on WhatsApp, Facebook Messenger, and Telegram.

Equity bank rolls out chatbot on WhatsApp, Facebook Messenger, and Telegram.

May 25, 2022
Please login to join discussion
  • Advertise
  • Jobs
  • Freelance Gigs
  • Motoring
  • Money

© 2022 TechMoran Ltd, All Rights Reserved.

No Result
View All Result
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists

© 2022 TechMoran Ltd, All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
%d bloggers like this: