Egyptian E-Commerce Startup Gahez Raises USD 2 Mn Pre-Seed Round

Egypt-based e-commerce startup and B2B fashion marketplace Gahez has successfully raised USD 2 Mn in its latest funding round. The pre-Seed round was led by Disruptech Ventures with the participation of Egypt Ventures, Tanmeyah (an EFG Hermes company), Afropreneur fund, and other strategic angel investors.

Gahez operates as an online marketplace that connects retailers with manufacturers, providing an improved online trading cycle. In addition, Gahez provides on-credit facilities to the retailers easing the collection process while handling their cash settlement with suppliers via third-party aggregators.

The startup plans to channel its newly acquired funds into building advanced technology and hiring top talent that will enable Gahez to cater to all the targeted customer segments and future expansion.