Teegara.com is an Egyptian e-commerce startup that sells household and FMCG products. It has raised an undisclosed bridge round led by Alexandria Angel Network, from many countries.
Teegara.com, an online marketplace for B2B business, was established by Ahmad Kayyali, Nader Islam, and later, Ahmed Samir, who joined Ahmed Samir as the initial investor. Teegara.com provides new distribution methods for vendors, and means to increase both margins or incomes for small merchants. They also offer credit lines and other financial help. Teegara.com is looking to focus on a difficult area. It lies between ecommerce and traditional merchants and distributers, and neither can be classified as pure ecommerce or traditional merchants.
Teegara.com aims to be able to connect vendors to merchants directly through their digital ordering platform. They also offer mobile apps. One of the many benefits is that vendors and merchants can use it to increase their sales and lower their costs by ignoring the middlemen between the merchant and the vendor.
Teegara.com provides a wide range of services, including first-hand prices and innovative payment methods. Teegara.com also offers fixable shipping and returns procedures and a large selection of household products, plastics and kitchenware.
Teegara.com’s founder and CEO, Ahmad Kayyali, stated that Teegara secured a bridge financing round from Alex Angels. This included participation from investors from Jordan and Egypt. This funding will be used to expand the company’s platform and to hire more sales and operations personnel, as well as to improve technical capabilities. The company is preparing for its “Seed round” of financing during the second half of 2022 with VCs from the region.”
Alex Angels Investor, Ramy Gamal reflects “Pleased and excited to participate in Teegara’s new investment round following my participation in their first investment round last year. This comes as a reflection of my belief in the founders’ team vision, dedication, and the real socioeconomic value Teegara is offering to its customers. I’m so optimistic about seeing significant growth in Teegara after this round and inviting VCs to stay tuned and keep an eye on this startup.”