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Monday, 10 August 2020

Egypt’s Glamera raises six-figure investment from Saudi’s Dual Gate Investment

STARTUP WATCH- Cairo-based beauty services startup Glamera has raised a six-figure USD investment from Saudi’s Dual Gate Investment Holding, according to an emailed statement (pdf). The platform did not disclose the exact size of the investment, which came a little less than one year after raising USD 250k in a seed funding round from an unnamed Saudi-based angel investor. Glamera plans to use the funding to roll out its services in Riyadh and Jeddah, after expanding earlier to Saudi Arabia and Iraq. The app allows users to book appointments and sessions at beauty salons, clinics, spas, and gyms.

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