Gahez Market
A B2B marketplace e-commerce platform, providing local & international retailers and traders with selection of different products and styles.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | $2.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 68 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Gahez Market is a business-to-business e-commerce platform focused on digitizing the fashion supply chain in Egypt and the surrounding region. The company was founded in 2021 by Wael Olama and Mohamed El-Zahaby, with trial operations beginning in July of that year before an official launch in August. Wael Olama, the CEO, brings extensive experience from his career in the textile industry, including leadership roles at Li & Fung Group and Perfect Spinning, a sustainable textile company. This deep industry knowledge was pivotal in shaping a platform to address inefficiencies between manufacturers and retailers.
The core of the business is an online marketplace that directly connects apparel and leather goods manufacturers with a wide array of retailers, including traditional brick-and-mortar stores, online sellers, and street vendors. By eliminating intermediaries, Gahez Market enables retailers to procure goods at lower costs and in smaller, more manageable quantities, which helps optimize their inventory and reduce financial strain. For manufacturers, the platform provides access to a broader customer base than traditional methods allow, along with tools for sales, marketing, and analytics.
Gahez Market's platform simplifies the entire wholesale distribution process. It offers a data-driven approach to sourcing and product selection, and coordinates logistics, shipping, and financing. A key feature is the provision of on-credit facilities for retailers, which streamlines the collection process and includes handling cash settlements with suppliers through third-party aggregators. In a significant milestone, the company raised $2 million in a pre-seed funding round in early 2022, led by Disruptech Ventures, to enhance its technology, hire talent, and fund expansion plans across Africa and the Middle East.
Keywords: B2B e-commerce, fashion supply chain, apparel wholesale, Egyptian startups, fashion marketplace, textile industry, retail procurement, wholesale distribution, leather goods, garment manufacturing, fintech, supply chain logistics, retailer financing, factory sourcing, Wael Olama, Disruptech Ventures, B2B marketplace Egypt, online wholesale, fashion tech, MENA startups