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Home Funding

Shatablee, an Egyptian design tech startup, has raised $1.2 million in funding

Tech Gist Africa by Tech Gist Africa
03/17/2022
in Funding, Middle East and Africa, News - Middle East And North Africa
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Shatablee Egypt

Shatablee Egypt

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Shatablee, an Egypt-based Design Tech startup, and innovative digital design and build platform, has raised $1.2 million to disrupt the region’s traditional interior design and completion process.

Shatablee introduces a ground-breaking digital interior design platform to the Egyptian market, addressing a variety of finishing issues.

Shatablee, which was founded in 2021, intends to digitally disrupt the traditional house finishing process by providing unparalleled solutions that allow all homeowners in gated communities to effortlessly design and build their interiors.

The integrated platform enables a transition from off-the-shelf design to bespoke packages with the freedom to customize and construct unique designs, as well as other financial solutions such as a real-time budget calculator.

Shatablee has disrupted the typical interior design and finishing journey in this way.

Shatablee allows users to choose their unit type inside their home compound and then browse through a portfolio of numerous design packages ranging from premium to exclusive to luxury.

Users can then personalize the layout for each section within their unit to their liking, with a range of financing options available.
Shatablee begins the build phase once the submitted order is confirmed, with the goal of completing the full process in 90 days.

Shatablee additionally facilitates our customers’ financing solutions by enabling digital payments through partnerships with prominent financial institutions.

“The market’s sheer vastness and fragmentation work in our favor.” “We believe Shatablee is best suited to address the asymmetries faced by customers and professionals in the market, whether it’s a lack of financing, a longer delivery time of up to 12 months, a lack of price transparency, or the poor quality of houses created across many segments, particularly within gated communities,” said Moustafa Amer, founder, and CEO of Shatablee.

Amer stated that the newly acquired funds will be used to support the company’s ambitious strategy and expansion objectives in its home market.

 

Read more on Tech Gist Africa:

Naqla, an Egyptian logistics startup, has raised $10.5 million in a pre-Series A funding round.

OkHi, a smart addressing startup, has raised $3 million in seed funding to help drive smart address verification across Africa

Rocket Health, a Ugandan telemedicine startup, has raised $5 million in a Series A round

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