EGYPT – ExpandCart, Arabic ecommerce platform, has raised US$2.5 million in a Series A round led by Egyptian VC Sawari Ventures with the Agility Ventures (the corporate VC arm of logistics firm Agility), and Graphene Ventures and some angel investors. The investment will be channeled towards digital commerce solutions targeting online and offline retailers reducing the gap between merchants and suppliers across the Middle East. ExpandCart was formed in 2013 by Sameh Nabil and Amr Shawqy to enable individuals and businesses to build online stores in English and Arabic on…
Read MoreEcommerce platform ExpandCart raises US$2m Series A funding for digital commerce solutions
