Kuwaiti E-Commerce Enabler Zyda Expands into Egypt
Having helped over 2,000 clients in the GCC make $100 million in sales, Zyda's has moved into a market valued at $2.5 billion.
With an investment of over $2 million, e-commerce platform provider, Zyda, has made its entry into the Egyptian market. First launched in 2018, the Kuwait-based startup offers retailers and F&B companies to reach consumers online without having to outsource third-party delivery companies.
The platform enables users to set up their site, choose delivery locations, receive orders through various social media, and activate a variety of online payment options. Two to five days later, their revenues are deposited into the restaurants’ accounts.
Over the past three years, Zyda has helped restaurants make over $100 million in sales and has pocketed $5 million worth of commissions that would usually go to delivery companies.
The platform is making a weighty entry into the country, offering its services nationwide, except for the Red Sea governorate where it will still be active but will partner with delivery companies. For businesses hoping to subscribe to the platform, fees will start at EGP 999 per month. The platform allows clients to set up and decorate their default Zyda store design, pick their own domain name, select their preferred menu layouts and smoothly manage their products, all in the name of streamlining their ordering process.
“We are betting on the success of this expansion, not only because Egypt is a large and promising market, but also because of the many unique advantages we offer restaurants and retailers to help boost their business; most significantly that they pay zero commissions on their sales, which is a great competitive edge,” said founder and CEO, Hamad Al-Judai.
Learn more about Zyda here.
