Cairo-based startup Shiphaly raises funding round to expand its online marketplace

EGYPT – Shiphaly, a Cairo-based startup connecting shoppers and travellers, has raised an undisclosed six-figure round from angel investors in Saudi Arabia and Egypt. The round is led by Faisal Abdulsalam the founder of Purity, and active investor in Saudi Arabia and Egypt, with the participation of well-known angel investors in Saudi Arabia. The new investment will be used to expand the online marketplace’s storefronts to Africa and other Middle Eastern nations, as well as to introduce new product features. “We are very proud of the traction that Shiphaly has…

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