Odiggo moving headquarters to Dubai and aiming for IPO in 2024 post-seed-round funding

Odiggo moving headquarters to Dubai and aiming for IPO in 2024 post-seed-round funding

Egyptian auto-tech app, Odiggo, plans to move its headquarters to Dubai post its recent $2.2 million seed funding from three of the top seed-stage VCs, Y-Combinator, 500 Startups, PlugAndPlay. Part of Odiggo’s seed-stage funding will also be used to continue developing their deep-tech dashboard software as well as reach IPO by 2024 with Billion Bookings as their “next achievable goal”.

Co-founded by Ahmed Omar and Ahmed Nasser, Odiggo’s top priority will be consistent growth. “We raised to fuel our growth. That's the main thing, so mainly it’s focusing on technology and expanding our team in UAE, Saudi Arabia and Egypt,” explained Ahmed Omar.

The automotive-tech app is on a mission to make car owners' lives easier by providing a one-stop-shop for everything car-related. Their easy to use online platform conveniently links car owners to dealerships to give the customer an abundance of options and the best prices in the market. Currently, Odiggo services over 45,000 users, across 3 markets and works directly with over 300 merchants to offer users a seamless experience. This is reflected in the 40 percent monthly consistent growth and 200 percent increase in user base since the start of the pandemic.