Funding

Egyptian E-commerce Startup, El Dokan Raises US$550k in Pre-seed Round

El-dokan, an Egyptian e-commerce startup has just raised US$550,000 in a pre-seed round led by regional investors, including Egypt’s Flat6Labs, EFG EV — a joint venture between investment firm EFG Hermes and Egypt Ventures, Saudi Arabia’s Hala Ventures and California-based 500 Global

Utilizing “headless e-commerce technology”, El-dokan provides infrastructure that allows tech teams to develop highly customizable e-commerce with maximum flexibility to help businesses respond faster to changing business needs and keep up with the rapid changes in e-commerce.

Besides retailers, it also targets software companies and developers that work directly with enterprises looking to build their e-commerce stores in a fast and cost-efficient manner, with more than 300 available API endpoints.

Launched in Egypt in late 2020, El-dokan primarily targets big-box shops and chain stores looking to grow their e-commerce market share, boost sales, and automate operations. 

“The majority of retailers have frequently demonstrated their willingness to either upgrade to more flexible and innovative technology or replace the conventional e-commerce methods. By enabling retailers to increase sales while lowering maintenance costs, the technology developed by El-dokan “changes the equation” and enables our merchants to swiftly and easily create API connections with our partners to assure the greatest levels of operational efficiency. With third-party providers including payment, shipping, point-of-sale (POS), and enterprise resource planning (ERP) systems, our platform can easily integrate “, Mohamed Yousry, Chief Technology Officer (CTO) and co-founder of El-dokan.

The funding will be used to improve and develop El-dokan’s e-commerce services and expand regionally and internationally.

Silas Ugochi

Silas Ugochi is a Staff Writer and Content Creator at GetFundedAfrica. Ugochi is an educated content writer who relishes using her skills to help GetFundedAfrica's Media Team achieve the goal of sharing the success stories of African entrepreneurs. When she isn't writing articles, she can be found listening to music, reading, or DJing.

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