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Egyptian PropTech Startup Isqan.com Raises Six-Figure Funding from CEO of EGYGAB Holding

It’s only been four months since it launched, but the property listing platform has attracted the attention of one of Egypt’s biggest real estate developers.

EGYGAB Holding CEO Mohamed Gaballah has invested six-figure sum into recently launched property listing platform, Isqan.com, as part of a seed funding round. Only founded about four months ago, the real estate website has already brought on more than 50 companies and over 10,000 listings.
 

With the new funding, founders Karim Kazem and Ali Ezzat hope to hire more talent, invest in marketing channels, and develop their services further. Their hopes are to digitiSe the entire real estate industry in Egypt through creating easy-to-use search experiences that enable users to sift through listings as efficiently as possible.

“We are thrilled to be working with engineer Mohamed Gaballah. His investment in isqan.com is a testament to his belief in our team, product and growth strategy,” said Karim Kazem, while, Ali Ezzat added that the new investment will go a long way to helping the startups goal to “digitise the entire real estate industry in Egypt by providing users with the easiest, fastest and most powerful real estate search experience possible.”

Towards the final quarter of 2021, isqan.com plans to close another funding round so they can expand their growth plans even further. Following suit of real estate websites abroad like Zillow, the local startup hopes to shift the property hunting scheme from an on-ground agent basis to an owner-to-seller direct transaction enabled by their platform.

Read more about Isqan.com on StartupScene here.




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