Egyptian e-commerce startup, Taager, has secured $6.4 million in a seed funding round, TechCrunch reported.

The round was led by Africa-focused VC firm 4DX Ventures and also included participation from Raed Ventures, Beco Capital, Breyer Capital and private investors, including Careem co-founder Magnus Olsson.

Since launched in 2019, the startup has raised more than $7 million from investors.

The company will allocate its latest investment into its operations, including making new hires and expanding across the MENA region.

Taager is a B2B platform that connects online merchants and suppliers, supplying merchants with storage and shipping services as well as an integrated data-led digital infrastructure. The platform has around 5,000 merchants, which contribute to a 40% m-o-m increase in Gross Merchandise Value.

 

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.