# Gahez Market

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gahez-market

- Industry: Internet
- Headquarters: Sheikh Zayed, Egypt
- Website: www.gahezmarket.com
- Latest round: Seed (Dec 7, 2021)
- Investors on record: 1

## About

Based in Sheikh Zayed, Egypt, and founded in 2021, Gahez Market is an e-commerce platform that provides local shops and merchants with a large assortment of different models and products of clothing and shoes. In January 2022, Gahez Market raised USD 2 million in venture funding led by DisrupTech Ventures, with participation from Afropreneur Angels, Egypt Ventures, Tanmeyah Micro Enterprise Services, and other individual investors. As of January 2022, co-founder Wael Olama is the CEO of Gahez Market.

Gahez Market offers a business-to-business fashion marketplace, which streamlines the process between manufacturers and retailers to improve the online trading cycle. The company also provides on-credit facilities to the retailers to ease the collection process along with handling cash settlements with suppliers through third-party aggregators. As of January 2022, the company has approximately 16 governorates across Egypt, on-boarding over 142 manufacturers, 15,000 retailers, and about 4,000 wholesale sets of sizes and colors on its platform. 

Gahez Market plans to use its proceeds from January 2022 funding to build its technology and hire human resources that will enable the business to all the targeted customer segments and future expansion.

## Funding rounds

- Seed, Dec 7, 2021 — LoftyInc Capital Management

## Investors

- LoftyInc Capital Management (https://capitalatlas.ai/funds/loftyinc-capital-management) — Seed