B2B e-commerce is still hot, with Teegara being the latest funding recipient
E-commerce startup Teegara closed a five-figure pre-seed round led by Alexandria Angels Network, and angel investors from KSA, Egypt and the Netherlands, according to a press release.
The investment will be geared towards geographic expansion and building up its tech. Teegara has so far only been active in Cairo and Giza, and is planning to expand into Egypt’s governorates, founder and CEO Ahmad Kayyali tells us. In terms of tech, Teegara wants to integrate AI features that will help merchants easily place their orders.
What is Teegara? Teegara wants to make it easier for merchants and vendors to find each other. The B2B2C marketplace focuses on household products and streamlines the buying process, eliminating middlemen that hike up prices and offering different payment methods. Moreover, it offers small merchants and new users a credit line and financial services through its partners, who include Cassbana.