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

Prosperity7 Ventures participates in $19.3mn round for NeuBird
News
Calendar Icon
April 8, 2026
Prosperity7 Ventures participates in $19.3mn round for NeuBird
Read More
EdTech firm Ruanyun Edai Technology establishes RHQ in Saudi Arabia
News
Calendar Icon
April 6, 2026
EdTech firm Ruanyun Edai Technology establishes RHQ in Saudi Arabia
Read More
Smartlox partners with AstroLabs to expand into Saudi Arabia
News
Calendar Icon
April 2, 2026
Smartlox partners with AstroLabs to expand into Saudi Arabia
Read More
2PointZero Group invests in WHOOP’s Series G funding round
News
Calendar Icon
April 1, 2026
2PointZero Group invests in WHOOP’s Series G funding round
Read More
UAE collectibles platform HiT attracts investment from global VC Hashed
News
Calendar Icon
March 29, 2026
UAE collectibles platform HiT attracts investment from global VC Hashed
Read More
Saudi renewable energy investment surges to $34bn in 2025
News
Calendar Icon
March 25, 2026
Saudi renewable energy investment surges to $34bn in 2025
Read More
Elsewedy Electric implements $3bn projects in Saudi Arabia
News
Calendar Icon
March 17, 2026
Elsewedy Electric implements $3bn projects in Saudi Arabia
Read More
Wa’ed Ventures supports Resemble AI expansion as AI fraud surges globally
News
Calendar Icon
March 16, 2026
Wa’ed Ventures supports Resemble AI expansion as AI fraud surges globally
Read More
Shorooq joins $1.03bn funding round for AI startup AMI Labs
News
Calendar Icon
March 11, 2026
Shorooq joins $1.03bn funding round for AI startup AMI Labs
Read More
RUWAD boosts Emirati entrepreneurship with AED1.5mn in 2026
News
Calendar Icon
March 11, 2026
RUWAD boosts Emirati entrepreneurship with AED1.5mn in 2026
Read More