|Homzart’s $1.3m seed round investment is a first for Egypt
Egyptian e-commerce furniture startup, Homzart has raised a $1.3m seed round investment. It is the biggest seed round closed by an Egyptian startup.
For a company founded in 2019, it is an impressive feat. Over 10,000 products such as bed frames, chairs, and sofas are currently listed on the platform. The company says over 2000 customers have made purchases since it launched in late 2019.
What’s next for Homzart?
“We are going after a huge market valued at more than $60 billion, There are 25 million people in the Middle East and North Africa region searching for home furnishing every month with no serious player serving them online.”
– Mahmoud Ibrahim (Co-founder)