Egyptian social e-commerce platform Ecombo is seeking a $10 million investment round by the end of 2024 to further its expansion in the GCC.
Founder and CEO of Ecombo, Fares Senior, said that they are planning to expand into the Saudi and Omani markets in the coming days as part of their expansion strategy in the Gulf region.
They have already begun acquiring a number of physical warehouses in these countries to serve as distribution and sales centres for their products.
Ecombo’s co-founder, Faris Ibrahim, said: “Empowering entrepreneurs and helping them grow their businesses is at the core of our mission.
“We provide the necessary tools and services to support their journey, from product sourcing to storage, packaging, and shipping as well as supporting marketing efforts and solving funding challenges. Our expansion into new markets further demonstrates our commitment to empowering individuals and driving the growth of social commerce in the Mena region.”
Ecombo, established in 2022, is a social e-commerce platform that helps merchants and social sellers in Egypt, Saudi Arabia and the UAE markets to source and sell products hassle-free and increase their income.
