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MaxAB’s Journey
Founded in 2018, MaxAB has gone on to become a leading food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco.
The company has connected suppliers with over 150,000 unique traditional retailers in food and grocery supply chain across Egypt and Morocco.
It also offers financing products to its merchants. The company has already successfully fulfilled over 2.5 million orders from its over 30 warehouses across both the countries.
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Investing in Egypt’s Startup Ecosystem
Micro, Small and Medium Enterprises contribute over 40% to Egypt’s economy, and account for over 75% of the country’s total employment. Entrepreneurship is critical to Egypt’s future. Today, Egypt consistently ranks as a top 3 tech startup ecosystem in both the MENA and Africa regions, based on funds raised by local startups. In this special report, we speak to the most active investors in Egypt and cover some of the country’s most successful startups to give you an inside scoop on how they are navigating the current VC winter, inflationary pressures and currency devaluation woes.
