The popular Egypt-based furniture marketplace platform Kemitt has raised a six-figure seed round to gather pledges from a gathering of Saudi Angel investors and that’s not all. These supports will be effective to work with Kemitt’s development all through Egypt. They additionally plan to distribute these assets carefully to provide the best products with very low market costs by encouraging vital organizations with partnering up and connecting with a huge amount of manufacturers.
The co-founder and CEO of Kemitt, Mahmoud Fouad said, “We are very excited about the opportunity this investment gives us. It will enable us to scale up our operations and expand to new markets. We invest in technology to drive growth, as we have prioritized solving logistical pain-points to ensure a smooth journey from the factory to customers’ houses. We believe that digitizing the furniture industry in the region is crucial for the local economy.”
Kemitt’s online platform allows clients with a lot of notable features including giving them access to more than 15,000 SKUs along with a very convenient option for manufacturing alternatives and that’s not all. It also comes with 7-to-12 day delivery services too. By completely digitizing the shopping experience and providing the most cutting-edge innovation accessible on this platform, Kemitt means to streamline the cycle and help clients save time on their orders while offering everything with the most affordable price ranges that inconvenient for everyone.
The main aim of this platform is to eventually innovate the whole system by connecting the consumers along with the furniture designers and taking care of the buyers by helping with all the assembling, overhead, and last-mile logistics. The startup intends to distribute the latest raised funds to additionally extend its group up, improve its innovation, and enter new business sectors in the MENA region by starting with Saudi Arabia as soon as possible.
