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      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      Hackers Attack Central Bank of Zambia

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      Egypt’s Instabug Raises $46m Series B To Build Expand Product Capabilities

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      Kenyan Fintech Startup Flexpay Secures Funding From Cairo Angels Syndicate Fund

      Kenyan Fintech Startup Flexpay Secures Funding From Cairo Angels Syndicate Fund

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      Oracle to Open new R&D Lab in Morocco

      Oracle to Open new R&D Lab in Morocco

      Google is acquiring security intelligence firm Mandiant for $5.4B

      Google donates the Istio service mesh to the Cloud Native Computing Foundation

      Spotify launches new fund to support independent open source projects

      Spotify launches new fund to support independent open source projects

      Zenda gets $9.4M to streamline school fee payment and management

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      How Branch is Promoting Financial Inclusion in Nigeria

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      FedEx

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      Big Data Analytics and Master Data Management Are Key to Building a Customer-Centric Business Strategy

      Big Data Analytics and Master Data Management Are Key to Building a Customer-Centric Business Strategy

      OZÉ

      Ghanaian Fintech Startup OZÉ Raises $3 Million Pre-Series A Funding Round to Expand

      TallOrder,

      South African POS Startup Raises $3.1 Million Series A Funding for Product Development

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      LG Excites Customers with Energy-Saving Air Conditioners Amidst Ramadan

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      Nigerian Startup Transfy Sees Strong Early Use of Payments Infrastructure, Plots Speedy Growth

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      Cybersecurity: Nigerian Govt Direct MDAs to Migrates from Yahoo, Gmail to Government Top-level Domain

      Meeula

      Nigerian Startup Meeula Unveils Smart Business Card Solution

      Cassava Technologies names Tesh Durvasula as CEO for Africa Data Centres

      Cassava Technologies names Tesh Durvasula as CEO for Africa Data Centres

      Medallion

      Nnamani: How Medallion’s Success Attracts more Players to Datacentre business

      TECNO announces world’s first telescopic macro lens for smartphones

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        Russian Internet users are learning how to beat Putin’s internet crackdown

        Russian Internet users are learning how to beat Putin’s internet crackdown

        25 Telcos Masks Vandalised in Kenya as Communications Authority Moves to end Attack

        25 Telcos Masks Vandalised in Kenya as Communications Authority Moves to end Attack

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      Egyptian e-grocery Marketplace ON Market Raises $215k Pre-seed Funding

      admin by admin
      April 5, 2022
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      Egyptian e-grocery Marketplace ON Market Raises $215k Pre-seed Funding
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      Egyptian e-grocery marketplace ON Market has raised US$215,000 in pre-seed funding to further expand its operations in Cairo, Alexandria, Tanta, Mansoura, and multiple other cities across the country.

      Founded in June 2020 in Tanta by Moatasem Marzouk, Seif Yasser, Ahmed Najjar, and Moataz Marzouk, ON Market empowers grocery retailers with tech solutions to build and sustain online commerce.

      The startup, which graduated from the AUC Venture Lab’s acceleration programme in 2021, also connects customers through their app with nearby grocery retailers, enabling them to order from multiple retailers in a single order.

      The pre-seed funding comes from a host of angel investors, and will be used to help ON Market expand into more cities over the course of 2022. Marzouk, the startup’s CEO, explained the unique value it provides to customers.

      READ ALSO:

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      “Our customers have trust and loyalty to brands and retailers that cannot be easily replaceable. We develop our products in-house to connect them with the retailers they trust and love, where they can follow their latest offers, pricing updates, and product availability. For the first time in the market, we allow them to order from multiple stores by placing only one order and getting it delivered all at once. We’ve surveyed a sample of over 200 customers, and we found that 90 per cent of them prefer to get all their orders at once, even if it’ll take more delivery time, even up to an hour,” he said.

      Yasser Alghamdi, the lead investor, said the grocery market in MENA, including Egypt, was promising.

      “We believe the team behind ON Market has the necessary experience and mindset to build a remarkable success story, and we’ll support them to achieve that all of us together,” he said.

      Tags: ON Market
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