E-Commerce Startups in Egypt: Verticals Within Egypt E-Commerce 2021

Verticals Within Egypt E-Commerce 2021

20 December 2022•

E-Commerce is the largest and most prominent tech sector in Egypt with regards to funding. In 2017, a national e-commerce strategy was launched by the UNCTAD and Ministry of Communications and Information Technology, which aims to showcase Egypt as a leading economy in e-commerce. 2018 and 2019 were the peak years for the sector, when 44% of e-commerce start-ups were launched. As of September 2021, there were 117 active e-commerce and retail tech startups in Egypt. 109 are operating in Cairo and the rest in Alexandria.

B2B e-commerce platforms, Maxab and Capiter, raised two of the largest funding rounds in 2021. Maxab raised US$55 million in a Series A funding round and is the largest e-commerce employer with 320 employees, whereas Capiter raised US$33 million in Series A funding and is also one of the largest employers with 173 employees. As of September 2021, e-commerce startups in Egypt secured over US$150 million.

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Lucidity Insights Research Team

We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.

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