“We Got Funded!” Cairo-Based E-Commerce Platform Mazaya Raises US$5 Million Pre-Seed Round

“We Got Funded!” Cairo-Based E-Commerce Platform Mazaya Raises US$5 Million Pre-Seed Round

Mazaya, a Cairo-based e-commerce marketplace that focuses on electronics, has raised a US$5 million pre-seed funding round led by Raya Trade and Distribution, a subsidiary of Raya Holding for Financial Investments.

The new funds will now be used to help Mazaya scale its operations in Egypt and across new markets and verticals.

Mazaya was founded in December 2021 with a mission to empower retailers and merchants of electronic goods and home appliances by enabling them to efficiently procure inventory for their stores through the Mazaya app.