Egypt: B2B e-commerce Mazaya closes $5mln pre-seed round led by Raya Trade

Egypt: B2B e-commerce Mazaya closes $5mln pre-seed round led by Raya Trade

Egypt - Mazaya, a B2B e-commerce marketplace that focuses on electronics, has announced the completion of a $5m pre-seed round led by Raya Trade and Distribution.

This round will enable Mazaya to scale its operations in Egypt and expand into new markets, and potentially into other verticals.

Founded in December 2021, Mazaya provides retailers and merchants of electronic goods and home appliances the ability to efficiently procure inventory for their stores via the Mazaya App from all major brands at competitive prices, as well as access to value-added services. Since its launch in Egypt, Mazaya has worked with over 6,000 retailers, fulfilled 30,000 orders, achieving a gross merchandise value of $15m, and currently has over 1,000 SKUs on the platform.

“As leaders in the fields of trade and distribution over the years, we are proud to invest in this ambitious platform that revolutionized the industry by providing the highest level of services to merchants in collaboration with their success partners,” said Bassem Megahed, CEO of Raya Trade and Distribution. “The platform conveniently supports merchants, particularly small merchants who do not receive adequate services, with the ability to scale their business through a superior level of service and a wide range of electronic devices