Egypt's Waste-Management Startup Bekia Scores Six-Dollar-Figure Investment from Oman Tech Fund
The startup aims to leverage the funds gained to increase operations and expand throughout Egypt.
Cairo-based tech-powered waste management services startup Bekia has raised six-dollar-figure investment from Oman Technology Fund after partaking in their Wadi OTF Accelerator programme. The Egyptian startup serves as a marketplace where people can exchange household waste and get rid of unused items. The startup aims to use the funds gained to increase operational efforts and expand throughout Egypt, beginning with the coastal city of Alexandria.
Established in 2017 by Alaa Afifi, Bekia launched its services in 2017 to help the Egyptians to get rid of their waste, As Egypt is one of the biggest waste producers in the world. According to statistics, Egypt generates more than +100 M tons of waste yearly.
Bekia is a marketplace where people can exchange household waste such as plastic, electronics or unused items in return for daily essential consumer goods such as groceries, school supplies, transport tickets or mobile data, or in other terms, exchange, save or donate their waste. The startup has successfully managed to make more than 10,000+ orders and compiled more than 20,000 tons of solid waste.
“As such, Bekia caters to not only those in need of receiving certain utilities, but to those who also want to protect the environment or recycling enthusiasts; it even has an option where the user can donate his or her waste so that the points given can serve a family or another user in need,” says Alaa Afifi, founder and CEO of Bekia.
The Egyptian startup will continue to target sustainable waste management solutions and expand their operations to Alexandria by next year, and increasing their orders tenfold.
