Egyptian E-commerce Sharwa Raises USD 2 Mn Pre-Seed Funding

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Egypt-based social commerce platform Sharwa has closed a USD 2 Mn pre-Seed funding round, co-led by Nuwa Capital and Hambro Perks Oryx Fund, among other investors. The investment will be used to develop the platform’s technology and obtain further talent.

Sharwa allows customers to purchase their essential household items like groceries and appliances at affordable prices through its app. Customers can club their baskets into a group order and place them through Sharwa using WhatsApp or directly on its app, unlocking wholesale prices from manufacturers for next-day delivery. 

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