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.
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