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

QuicKart secures $1.5mn to scale operations in UAE’s fresh produce market
News
Calendar Icon
February 11, 2026
QuicKart secures $1.5mn to scale operations in UAE’s fresh produce market
Read More
Routech Express secures SAR 3.75 mn in pre-seed round
News
Calendar Icon
February 10, 2026
Routech Express secures SAR 3.75 mn in pre-seed round
Read More
ThrowMeNot raises $550k pre-seed to tackle food waste in UAE
News
Calendar Icon
February 9, 2026
ThrowMeNot raises $550k pre-seed to tackle food waste in UAE
Read More
UAE’s omnispay collects $2mn in pre-series A round, eyes Saudi expansion
News
Calendar Icon
February 9, 2026
UAE’s omnispay collects $2mn in pre-series A round, eyes Saudi expansion
Read More
InvestSky secures $4mn, obtains CMA’s approval to expand in Saudi Arabia
News
Calendar Icon
February 9, 2026
InvestSky secures $4mn, obtains CMA’s approval to expand in Saudi Arabia
Read More
Simplified Financial Solutions closes $20 series A round
News
Calendar Icon
February 9, 2026
Simplified Financial Solutions closes $20 series A round
Read More
Tactful AI raises $1mn pre-series A to fuel regional expansion
News
Calendar Icon
February 9, 2026
Tactful AI raises $1mn pre-series A to fuel regional expansion
Read More
Safqah Capital raises $15.2mn in major Saudi seed round
News
Calendar Icon
February 9, 2026
Safqah Capital raises $15.2mn in major Saudi seed round
Read More
Saudi Jazr secures SAR 800K in pre-seed funding from angel investors
News
Calendar Icon
February 9, 2026
Saudi Jazr secures SAR 800K in pre-seed funding from angel investors
Read More
Future Bridge raises SAR 4 mn to expand Saudi fashion manufacturing
News
Calendar Icon
February 8, 2026
Future Bridge raises SAR 4 mn to expand Saudi fashion manufacturing
Read More