Egyptian Digital Marketplace For Car Parts, Odiggo, Raises Seed Fund From Saudi-Based Angel Investor
With the six-figured dollar investment, Odiggo plans to expand to Saudi.
Odiggo, co-founded by one of our earlier 25 Under 25, just raised a seed fund from Saeed Al Jaberi, an angel investor based in Saudi Arabia. With the amount, which the startup preferred to leave undisclosed, Odiggo is launching their platform in Saudi Arabia in July.
“Saudi Arabia’s automotive market enjoys the highest traffic and the best conversion rate that got to our platform,” Ahmed Omar tells Startup Scene. Odiggo wants to expand the team and grow their technical infrastructure to make it more scalable and reliable to the users.
With over 14,000 transactions and tickets, Odiggo’s one-year-old website has over 290,000 products, and almost 100,000 monthly visitors monthly. “We launched the website on the 10th of January, 2018. Today, our sales have closed to almost EGP 3 million,” Omar adds.
Omar and his two other co-founders, Wissam Saleh and Khalid Omar, lead a team of 20 members disrupting the massive market that automotive is.
Click here to learn more about what inspired Odiggo and kept them going.
