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

AI startup Together mulls working on data centers in Saudi Arabia
News
Calendar Icon
October 15, 2025
AI startup Together mulls working on data centers in Saudi Arabia
Read More
ITHCA backs Movandi with $20mn to boost Oman’s semiconductor industry
News
Calendar Icon
October 15, 2025
ITHCA backs Movandi with $20mn to boost Oman’s semiconductor industry
Read More
Investcorp, CIC close Golden Horizon Fund to boost GCC-China investments
News
Calendar Icon
October 14, 2025
Investcorp, CIC close Golden Horizon Fund to boost GCC-China investments
Read More
UK developer Select Property expands into Saudi Arabia
News
Calendar Icon
October 13, 2025
UK developer Select Property expands into Saudi Arabia
Read More
SIG, Yellow Door Energy inaugurate 2 MW solar power plant in Riyadh
News
Calendar Icon
October 12, 2025
SIG, Yellow Door Energy inaugurate 2 MW solar power plant in Riyadh
Read More
The Executive Centre opens its first location in KAFD
News
Calendar Icon
October 8, 2025
The Executive Centre opens its first location in KAFD
Read More
Lucid produces over 1K EVs for Saudi Arabia for final assembly
News
Calendar Icon
October 8, 2025
Lucid produces over 1K EVs for Saudi Arabia for final assembly
Read More
Thabet Investment, Five Keys launch Everbridge Capital with $100M in Riyadh
News
Calendar Icon
October 8, 2025
Thabet Investment, Five Keys launch Everbridge Capital with $100M in Riyadh
Read More
Booster Grow program empowers French startups to expand in Saudi Arabia
News
Calendar Icon
October 6, 2025
Booster Grow program empowers French startups to expand in Saudi Arabia
Read More
Siemens Mobility opens Riyadh office to expand operations in Middle East
News
Calendar Icon
October 5, 2025
Siemens Mobility opens Riyadh office to expand operations in Middle East
Read More