Taager, a social e-commerce startup, has secured a seed funding round of USD 6.4 Mn to help it build its platform and expand throughout the Middle East. The round was led by led by 4DX Ventures and also included Raed Ventures, Beco Capital, Breyer Capital, and several key private investors, including Magnus Olsson.
Taager is a social e-commerce marketplace that offers a full suite of backend and integrated services to online sellers and traders, ranging from operational and logistical infrastructure like storage and shipping to an online marketplace to host their items and link sellers with wholesalers. Taager uses technology, AI, and data science to enable first-time sellers to start and scale their online business seamlessly with relatively low risk.
The new funds will help to boost Taager’s fast-expanding operations and presence in Egypt and around the world. The company also plans to scale and boost its technology and expand its world-class talent pool.