el-dokan, an Egyptian e-commerce tech startup, has raised $550,000 in a pre-seed round led by a group of local and regional investors including EFG EV and Flat6Labs, 500 Global, and Hala Ventures.
El-dokan, which launched in Egypt in late 2020, primarily targets big-box shops and chain stores looking to grow their e-commerce market share, boost sales, and automate operations.
Ahmed Maher, co-founder, and CEO of el-dokan, stated that the company’s ability to gain investors’ trust and close its pre-Seed round is largely due to the fact that el-dokan is one of the extremely small numbers of businesses that focuses on developing advanced software using cutting-edge technologies like headless, composable e-commerce architecture.
“The majority of retailers have frequently demonstrated their willingness to either upgrade to more flexible and innovative technology or replace the conventional e-commerce methods. By enabling retailers to increase sales while lowering maintenance costs, the technology developed by el-dokan “changes the equation” and enables our merchants to swiftly and easily create API connections with our partners to assure the greatest levels of operational efficiency. With third-party providers including payment, shipping, point-of-sale (POS), and enterprise resource planning (ERP) systems, our platform can easily integrate “Chief Technology Officer (CTO) and co-founder of el-dokan Mohamed Yousry said in a statement.
E-commerce is now a crucial component of any retailer’s business plan, and platforms and technology providers are vying to offer merchants the finest tools possible to help them expand and improve their operations.
Read more on Tech Gist Africa:
SubsBase, an Egyptian subscription management platform, raises $2.4 million in a seed round
Sharwa, an Egyptian social commerce platform, has secured a $2 million pre-seed round of funding
ArabyAds, an Egyptian adTech startup, has raised $30 million in pre-Series B funding
