Egypt's Kemitt raises six-figure Seed funding round
Kemitt, an Egypt-based E-commerce platform, has secured a six-figure seed fundraise from a group of Saudi Angel investors.
Founded in 2017, Kemitt’s online platform allows customers to access over 15,000 SKUs, with on-demand manufacturing and 7-12 day delivery services to their doorstep. Kemitt saves customers from having to explore showrooms and furniture stores, by fully digitizing the shopping experience, and using the best tech in the market while offering all payment and financing plans.
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Kemitt is able to expand their variety by partnering with a network of manufacturers enabling them to increase their reach all over Egypt, while ensuring the customer gets the best price in the market.
“We are very excited about the opportunity that This investment gives us, it will enable us to scale-up our operations and expand to new Markets! ” Mahmoud Fouad, co-founder and CEO at Kemitt said. “We invest in technology to drive growth, and we have prioritized solving logistical pain-points to ensure a smooth journey from the factory to the customer’s home. We believe that digitizing the furniture industry in the region is crucial for the local economy. After all, Our goal is to put Kemitt as a first choice when you consider furniture shopping.”
The startup plans to use the funds to expand its team, operations, further develop its technology and enter new markets in the region, starting with Saudi Arabia.
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