Egypt’s Youth secures EGP 1 mn in funding

user icon
NOHA.GAD
calender icon
Dec 9, 2024
article image

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.  


Share

Related News

MBRIF backs 01Gov with AED 1.5 million credit guarantee
News
Calendar Icon
June 4, 2026
MBRIF backs 01Gov with AED 1.5 million credit guarantee
Read More
Du launches $50mn du Ventures VC fund to accelerate digital innovations
News
Calendar Icon
June 3, 2026
Du launches $50mn du Ventures VC fund to accelerate digital innovations
Read More
Non-bank firms must notify SAMA 5 days before fundraising
News
Calendar Icon
June 3, 2026
Non-bank firms must notify SAMA 5 days before fundraising
Read More
CargoX secures $250mn in investment round led by BlueFive Capital
News
Calendar Icon
June 2, 2026
CargoX secures $250mn in investment round led by BlueFive Capital
Read More
JCIF launches $70mn Manara Fund to back tech companies in Jordan
News
Calendar Icon
May 21, 2026
JCIF launches $70mn Manara Fund to back tech companies in Jordan
Read More
RemotePass secures $17.4mn to expand global payroll platform
News
Calendar Icon
May 20, 2026
RemotePass secures $17.4mn to expand global payroll platform
Read More
PlayReplay secures $12mn to expand into Saudi Arabia, Middle East
News
Calendar Icon
May 20, 2026
PlayReplay secures $12mn to expand into Saudi Arabia, Middle East
Read More
GymNation secures $100mn facility to fuel next growth stage
News
Calendar Icon
May 20, 2026
GymNation secures $100mn facility to fuel next growth stage
Read More
Arib closes $23.5mn investment round led by Merak Capital
News
Calendar Icon
May 19, 2026
Arib closes $23.5mn investment round led by Merak Capital
Read More
Stitch raises $25mn in Series A led by a16z
News
Calendar Icon
May 14, 2026
Stitch raises $25mn in Series A led by a16z
Read More