Egypt’s Youth secures EGP 1 mn in funding

NOHA.GAD
Dec 9, 2024

Cairo - Sharikat Mubasher: Youth, the first student discount application in Egypt, raised EGP 1 million (around $20,000) in funding through the student entrepreneurship show, Gen-Z, the startup announced in a statement.

With more than 60 brand partnerships, the Youth application provides students with exclusive discounts in various sectors including fitness, dining, shopping, and entertainment.

This funding came as part of a broader initiative led by the Egyptian Ministry of Higher Education and Scientific Research, the Innovators Support Fund (ISF), and United Media Services.

Founded by Malak Elleithy, Youth caters to the needs of Egyptian Youth and aims to reshape student experiences across Egypt.

The Gen-Z show offers young entrepreneurs a platform to overcome financial, technical, and logistical challenges. It provides invaluable mentorship from leading business figures like Tarek Kamel, CEO of Nestlé Egypt, and Mohamed Shelbaya, CEO of PepsiCo Africa and Egypt.  


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