Egyptian Startup Homzmart Raises USD 15 Mn Series A Funding Round

Egyptian e-commerce startup Homzmart has closed a USD 15 Mn Series A funding round to help it speed up its already impressive growth. The capital raise was led by global investment firm MSA Capital and Nuwa Capital. Rise Capital, Impact46, EQ2 Ventures, and Outliers Ventures also participated in the round.

Homzmart’s platform and end-to-end solutions benefit both retailers, such as IKEA and Home Centre, by making it easier for them to reach customers and shoppers, who benefit from a hassle-free, one-stop-shop shopping experience and more convenient financing choices.