Egypt’s Kemmit to expand in KSA supported by new funding round

user icon
GHADA.ISMAIL
calender icon
Jul 22, 2024
article image

Riyadh – Sharikat Mubasher: The Egypt-based E-commerce platform, Kemitt, announced its intentions to expand in the Saudi market after another successful funding round the company refused to disclose its worth.

This new round came to highlight the rising confidence of investors in the company as well as its steady path, according to a recent press release by Kemitt.

On this occasion, Mahmoud Fouad, co-founder and CEO of Kemitt commented: “We are truely thrilled to be introducing our Kemitt to the Kingdom of Saudi Arabia as this expansion reflects our commitment to values like innovation and customer satisfaction. These recent funding rounds will enable us to expand our presence and offer a unique shopping experience for the Saudi client”.

This latest funding round, although no details are disclosed, will be dedicated to enhancing the techs of the platform for an easier and user-friendly interface as well as diversifying its shopping basket to stay up to all tastes of the Saudi consumer, in addition to building more partnerships with local manufacturers and suppliers to achieve a more competitive quality and prices

Founded in 2017, Kemitt is an online platform that allows customers to access over 15,000 SKUs, with an on-demand manufacturing option and 7-12 day delivery services to their doorstep.


Share

Related News

Foodics strengthens AI ambitions with full acquisition of Norma
News
Calendar Icon
June 22, 2026
Foodics strengthens AI ambitions with full acquisition of Norma
Read More
ECC to open its first $13.3mn factory in Saudi Arabia in August
News
Calendar Icon
June 21, 2026
ECC to open its first $13.3mn factory in Saudi Arabia in August
Read More
Unifonic acquires Segmentify to advance AI-powered marketing Across MENA
News
Calendar Icon
June 10, 2026
Unifonic acquires Segmentify to advance AI-powered marketing Across MENA
Read More
LimeVest plans $70mn pharmaceutical factory in Saudi Arabia
News
Calendar Icon
June 10, 2026
LimeVest plans $70mn pharmaceutical factory in Saudi Arabia
Read More
Saudi unicorn Ninja explores acquisition of HungerStation
News
Calendar Icon
June 9, 2026
Saudi unicorn Ninja explores acquisition of HungerStation
Read More
HASIF secures Snoonu’s backing through Startup Factory Initiative
News
Calendar Icon
May 12, 2026
HASIF secures Snoonu’s backing through Startup Factory Initiative
Read More
Insulet launches MENA regional headquarters in Riyadh
News
Calendar Icon
May 11, 2026
Insulet launches MENA regional headquarters in Riyadh
Read More
Falak Investment Hub signs deal with ALFIA to boost startup ecosystem
News
Calendar Icon
April 29, 2026
Falak Investment Hub signs deal with ALFIA to boost startup ecosystem
Read More
SALIC acquires 80% stake in Olam Agri in $1.88bn deal
News
Calendar Icon
April 28, 2026
SALIC acquires 80% stake in Olam Agri in $1.88bn deal
Read More
Pakistan’s COLABS inaugurates new headquarters in Riyadh
News
Calendar Icon
April 23, 2026
Pakistan’s COLABS inaugurates new headquarters in Riyadh
Read More