Sunday, September 28, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

Homzmart Raises $1.3 million to Grow its Egypt-based Online Furniture Marketplace

Tech Gist Africa by Tech Gist Africa
02/04/2020
in Africa, Africa News, News
0 0
0
Homzmart Raises $1.3 million to Grow its Egypt-based Online Furniture Marketplace
0
SHARES
Share on FacebookShare on Twitter

Homzmart, an Egypt-based online furniture marketplace, has raised $1.3 million in a seed round. MSA Capital, Oman Technology Fund (OTF), and Equitrust, an investment arm Choueiri Group all contributed in the round. This round is described as the largest seed fundraised by an Egyptian startup.

 

Mahmoud Ibrahim and Ibrahim Mohamed founded Homzmart last year to connect furniture manufacturers and vendors with customers online. Mahmoud served as Jumia’s VP Operations in 2012. He then became the Managing Director and COO for Daraz Group, an e-commerce platform in Asia. Ibrahim also led logistics development and expansion in Jumia, Egypt.

 


See Also: South Africa to Spend $26 Billion on Information Technology in 2020


 

The duo founded Homzmart to connect furniture manufacturers in Egypt with customers looking to furnish their homes. Mahmoud explained the business further in a conversation with Menabyte. He said that there are 25 million people in the MENA region searching for home furnishing every month and a few manufacturers online. He also explained that the cost of setting up showrooms led to starting Homzmart.

 

“When a customer is looking to make the purchase, they either go to established brands or ask their friends for a referral, which means a lot of good sellers never get discovered by the customers. What we are doing is giving these manufacturers and sellers access to technology and helping them land more sales by reaching out to new customers,” he added.

There are about 10000 products listed and over 2500 customers ordering on the platform. Homzmart plans to use the investment to scale its tech, enhance customer experience and expand the team.

 

 

More on TechGist Africa

  • Interswitch Lists N23 Billion Shares on Nigerian Stock Exchange
  • CloudTrucks Raises $6.1 Million to Increase Truckers Revenue in the United States
  • M-Kopa partners Safaricom and Samsung to Launch Smartphone Hire-Purchase Plan in Kenya
  • Connect Nigeria announces Date for Its 2020 Business Fair  
  • UNESCO Partners StarTimes to Promote Quality & Inclusive Education in Africa
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Rulebase
Funding

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

by Tech Gist Africa
09/26/2025
0

Rulebase, a Y Combinator-backed fintech startup, has raised $2.1 million in pre-seed funding to automate back-office operations in financial services....

Read more
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Mavryk Network UAE

Mavryk Network Secures $10M to Revolutionize UAE Real Estate with Blockchain Tokenization

09/26/2025
Next Post
The Big 5 Daily: 4th February, 2020

The Big 5 Daily: 4th February, 2020

Nigeria’s Farmcrowdy joins Techstars Atlanta accelerator - Techgistafrica

Farmcrowdy Acquires Livestock & Seafood Processing Company Best Foods L&P

The Big 5 Daily: 5th February, 2020

The Big 5 Daily: 5th February, 2020

No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.