Egyptian furniture marketplace Homzmart lands $15M Series A for MENA expansion
https://techcrunch.com/2021/05/18/egyptian-furniture-marketplace-homzmart-raises-15m-series-a-to-expand-across-mena/
In most parts of Africa and the Middle East, a consumer journey and experience in buying furniture is not fun. A typical shopping process would entail looking out for the best price and quality and asking for recommendations and checking offline stores, one after another.
It is rare to find one-stop shops, especially large offline ones, that can adequately cater to the needs of consumers in the MENA region. Home goods and furniture marketplaces have launched in the last three years around the region to meet this need. Egypt’s Homzmart is one such, and today the company is announcing it has closed its $15 million Series A investment.