Khazenly,Egypt’s On-Demand Digital Warehousing Platform Secures a $2.5 Million Seed Funding
Khazenly, a digital storage and fulfillment network located in Cairo, has acquired $2.5 million in startup funding.
The funding round was co-led by Arzan Venture Capital, which focuses in innovative, early-stage companies, and Shorooq Partners, which specializes in seed-stage digital investments across MENAP. Other investors included Camel Ventures, Averroes Ventures, and a number of angel investors.
Khazenly, created in mid-2021 by Mohamed Younes (CEO), Osama Aljammali (CCO), Mohamed Montasser (CXO), and Ahmed Dewidar, is impacting the future of e-Commerce in Egypt (CTO). With the Company’s simple, inexpensive, and transparent omnichannel solution, merchants may expand their operations and accelerate the digitalization of their fulfillment processes.
“At Khazenly, our straightforward, technology-driven platform, high-caliber experienced team, and network of market-leading partners assist merchants in growing and scaling,” stated Mohamed Younes, Co-Founder and CEO. I’m thrilled to report that our seed funding round was a success, allowing us to build on our successes and establish Khazenly as a regional leader in fulfillment and logistics as we shape the future of e-Commerce in Egypt and beyond.
Khazenly plans to expand its data-driven products, such as its flagship Mobile Dark Stores, which help merchants by forecasting inventory demand and increasing consumer experience by ensuring a timely delivery window.
Khazenly will utilize the capital to develop its products and services, as well as increase its current facilities.
In 2022, Khazenly’s geographical development will be assisted by the company’s robust growth trajectory.
