Egyptian B2B Marketplace Mazaya Secures USD 5 Mn Pre-Seed Round

Mazaya, a B2B e-commerce marketplace focusing on electronics, has announced the completion of a USD 5 Mn pre-seed round led by Raya Trade & Distribution, a subsidiary of Raya Holding for Financial Investments. The round will enable Mazaya to scale its operations in Egypt, 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 and access to value-added services.