Mazaya raises a $5 million pre-Seed round

Mazaya raises a $5 million pre-Seed round

Press release:

Mazaya, the 1st B2B e-commerce marketplace that focuses on electronics, has announced the completion of a $5 million pre-seed round led by Raya Trade & Distribution, a subsidiary of Raya Holding for Financial Investments. This round will enable Mazaya to scale its operations in Egypt and expand into new markets, and potentially into other verticals.

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 in 2021, Mazaya has worked with over 6,000 retailers, fulfilled 30,000 orders achieving a gross merchandise value of $15 million, and currently has over 1,000 SKUs on the platform.