Egypt-based e-commerce SaaS startup Zeew has raised a $630,000 Seed round from Plug and Play, Poland Prize and a group of angel investors, bringing the total funds it has raised in the past couple of years to $1 million.
The startup plans to use the newly acquired funding to grow its team to serve more customers worldwide.
The enterprise software as a service (SaaS) sector is one of the rising stars of the Egyptian startup ecosystem, with more companies scaling up and piquing investor interest.
Founded by Mohamed Ghaith in 2017, Zeew offers its customers the platform to manage all their business from a single admin dashboard. The startup also owns a reseller program that allows any entrepreneur to start their own business by reselling the startup’s automated systems under their own domain and own brand, even set their own reseller prices. It only takes 1 day to launch it.
Ghaith said that the startup’s automated platform has created a full ecosystem for businesses, such that in a few clicks, the business eCommerce store is created and connected to its native client ordering apps, vendor apps, drivers apps, dispatcher, accounting system and more.
Zeew pivoted by the end of 2019 due to high competition. The founder said, “We had built a great technology out of our needs and we decided to offer it to the public as a one-time payment at the beginning but soon we realized how hard it was to maintain many clients on the separate codebase and we moved to SaaS and since then we have grown to 100+ countries.”
Currently, Zeew is present across 100 countries, with merchants in different verticals including logistics, food and grocery, restaurants, pharmacy, etc.
