Shiphaly raises undisclosed six-figure round from angel investors

Funding News

Shiphaly, the Cairo-based startup connecting shoppers and travellers has raised an undisclosed six-figure round from angel investors in Saudi Arabia and Egypt. The round is led by Faisal Abdulsalam the founder of Purity, and active investor in Saudi Arabia and Egypt, with the participation of well-known angel investors in Saudi Arabia.

Launched in October 2019, Shiphaly is a mobile app and marketplace connecting shoppers who want to buy products from abroad with travellers who can buy and deliver the products in return for a cash reward. Shiphaly was accelerated and received seed funding from Flat6Labs in Cairo in 2019.

Shiphaly allows shoppers to buy their favourite products from abroad in a safe, secure and affordable way while allowing travellers to make extra cash from their unused luggage space to subsidise their trip costs. Shiphaly’s unique selling point is around the safety and security of its platform for both travellers and shoppers and offers shoppers a 100 per cent money-back guarantee in case there was any problem with their order.

Kahled Elabd, CEO of Shiphaly had the following comment on this round: “We are very proud of the traction that Shiphaly has had over the past months. We are also very happy and privileged to have a group of top-notch angel investors backing us in our journey to transform the way people shop from abroad in Egypt and other future markets.

Hisham Elshaer, CCO of Shiphaly added also: “We believe there is huge potential in the Egyptian market as well as other markets in Africa and the Middle East. We are very excited about the next phase of growth for Shiphaly and are gearing up to launch new features very soon to solve more and more of our customers’ problems.”

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