Awfar, a Cairo, Egypt-based SaaS e-commerce startup, secured a six-figure sum in funding.
The investment was from Saudi Arabia-based venture studio Value Maker Studio (VMS).
Value Maker Studio is a venture studio that helps MENA entrepreneurs and global startups succeed in the KSA market with its resources, expertise, and connections. Their mission is to actively empower exceptional entrepreneurs, drive technological innovation, foster job creation, and secure a strategic foothold within the Saudi market.
Awfar Use of Funds
The company aims to use the funds to expand its presence in the country.
Founded in 2020 by Abdelrahman Galal, Awfar is a SaaS company that offers fully integrated technology solutions for retail businesses including cloud-based offerings, point of sale (POS), commercial and operational reporting, and delivery management solutions in one dashboard integrated with retail aggregators, third-party logistics providers, and analytics and marketing capabilities. Awfar support all the popular online grocery, pharmacies, and restaurant and all retail delivery models with its customizable e-commerce solutions.
Company: Awfar, Inc.
Funding Month: November 2023
Lead Investors: Value Maker Studio (VMS)
Company Website: https://solutions.awfar.com/
Software Category: Ecommerce Solutions