Egypt-based B2B E-commerce marketplace Mazaya raised $5 million Pre-SEED round led by Raya Trade & Distribution, a subsidiary of Raya Holding for Financial Investments.
Mazaya offers retailers and merchants of electronic goods and home appliances the ability to procure inventory for their stores from all major brands at competitive prices through the Mazaya App, as well as access to value-added services. This round will allow Mazaya to scale its operations in Egypt and potentially expand into new markets and verticals. With the goal of positioning Egypt as a leading technology hub, the startup will continue to provide retailers and merchants with enhanced and effective services to help them facilitate and grow their businesses.