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Egypt’s Cartona has successfully raised $8.1 million in its latest funding round, despite a general pullback from investors in the B2B e-commerce sector in Africa. This brings the total Series A funding for the Egyptian B2B e-commerce platform to $20.1 million. Cartona, which works with over 4,500 suppliers and serves more than 180,000 retailers, has achieved a significant milestone with over $210 million in annualized gross merchandise value (GMV). The company has also experienced a fourfold increase in revenue over the past year.
Educatly raises $2.5m to grow in Middle East and Africa https://t.co/vUSNckuF4O
New: Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa — Total series A of $20.1M — 210M+ in annualized GMV — Works with 4,500 suppliers — Serves more than 180,000 retailers — 4x revenue growth within the past year https://t.co/pc1AVVIvAT
Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa: https://t.co/7y9A7qQGyI by TechCrunch #infosec #cybersecurity #technology #news
