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Home News Africa News

Egyptian startup Odiggo raises $600k seed round

Tech Gist Africa by Tech Gist Africa
02/01/2021
in Africa News, Autonomous Vehicles, Business, Entrepreneurs, Made In Africa, Middle East and Africa, News, News - Middle East And North Africa, Start-Up Spotlight, Startups
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Egyptian startup Odiggo tech News Africa

Egyptian startup Odiggo tech News Africa

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As it works on its expansion plans, the Egyptian start-up Odiggo, a digital marketplace for automotive spare parts, has raised a US$ 600,000 seed funding round. 

Launched in 2017, in order to buy car parts and accessories, Odiggo links customers with suppliers, and has seen strong growth. 

The startup has now raised a seed round of US$600,000 from Essa Al-Saleh, former chief executive officer (CEO) of the billion-dollar logistics firm Agility Logistics and current chairman of Volta Trucks, a UK-based software auto-manufacturing company, after raising US$180,000 in funding in May 2019.

Odiggo is also currently launching a new round to expand into new cities and create more platforms for its consumer marketplace to be readily available. 

The start-up is trying to put together the best team in the Middle East to help us achieve the largest market share in the dispersed trillion-dollar industry.

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