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Homzmart is an online marketplace in the Middle East that connects furniture and home goods retailers with consumers. It enables manufacturers and brands to showcase products to a large audience and lets shoppers browse and buy from multiple merchants in one place. For consumers, it offers financing options and delivery with installation support; for businesses, it provides a digital storefront plus logistics and technology tools to reach more customers. Revenue comes from commissions on sales and premium services that boost product visibility and marketing; its goal is to simplify online furniture shopping and help merchants grow in the regional market.
Industries
Consumer Software
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series B
Total Funding
$39.3M
Headquarters
Egypt
Founded
2020
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Total Funding
$39.3M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Egypt-based furniture and home supplies marketplace Homzmart, has raised a $23 million pre-Series B round from STV, Impact46, Outliers...
Nigeria to increase cost of call and sms cost with new excise duty, Oui Capital launches $30 million fund,TikTok's parent company is building a music streaming app, Egypt-based Homzmart raises $23 million.
In 2021, Homzmart secured $15 million in Series A financing, which marked the largest capital raise in the Middle East’s online furniture sector back then.
They revealed in May that furniture e-commerce marketplace Homzmart had raised $ 15 million in a Series A funding round led by Nuwa Capital and MSA Capital, both based in Dubai.
Egyptian startup Homzmart, the Middle East’s leading furniture and home goods marketplace platform, has announced the acquisition of Berlin-based technology company MockUp Studio as it bids to add to its product offering. Hard-launched in early 2020 by Mahmoud Ibrahim and Ibrahim Mohamed, Homzmart is a digital platform connecting home goods and furniture manufacturers and brands [...] The post Egyptian furniture marketplace Homzmart acquires German tech company appeared first on Disrupt Africa.
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Industries
Consumer Software
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series B
Total Funding
$39.3M
Headquarters
Egypt
Founded
2020
Find jobs on Simplify and start your career today