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

Egypt’s Fawry submits request to obtain ‘Major PI’ license from SAMA
News
Calendar Icon
August 16, 2026
Egypt’s Fawry submits request to obtain ‘Major PI’ license from SAMA
Read More
Rasmal Ventures invests in Yuno’s $45mn Series B round
News
Calendar Icon
August 13, 2026
Rasmal Ventures invests in Yuno’s $45mn Series B round
Read More
The Hub launches in Saudi Arabia with support from AstroLabs
News
Calendar Icon
August 11, 2026
The Hub launches in Saudi Arabia with support from AstroLabs
Read More
Aramco Ventures leads $9.5mn investment in climate AI startup
News
Calendar Icon
August 6, 2026
Aramco Ventures leads $9.5mn investment in climate AI startup
Read More
BotSense launches WhatsApp CRM services in Saudi Arabia
News
Calendar Icon
July 30, 2026
BotSense launches WhatsApp CRM services in Saudi Arabia
Read More
Egypt’s Simplex to open $2mn new branches in Saudi Arabia this year
News
Calendar Icon
July 28, 2026
Egypt’s Simplex to open $2mn new branches in Saudi Arabia this year
Read More
Aramco Ventures increases investment in HydoTech's Series B+ round
News
Calendar Icon
July 28, 2026
Aramco Ventures increases investment in HydoTech's Series B+ round
Read More
Moussa: EFG Hermes to invest over $150mn in Saudi education
News
Calendar Icon
July 21, 2026
Moussa: EFG Hermes to invest over $150mn in Saudi education
Read More
STV, JEF collaborate to expand AI opportunities across MENA
News
Calendar Icon
July 12, 2026
STV, JEF collaborate to expand AI opportunities across MENA
Read More
Saudi’s Tawuniya invests in agri-asset tokenization startup Maalexi
News
Calendar Icon
July 5, 2026
Saudi’s Tawuniya invests in agri-asset tokenization startup Maalexi
Read More