Rising eCommerce provider “zVendo” lands another round of 7-Digit USD-figure investment to secure its GULF expansion

Rising eCommerce provider “zVendo” lands another round of investment from local and foreign investors to secure its GULF expansion, secured by Mobica and Gratus investors. The platform was previously funded by EFG EV with the first round of seed investment.

Founded in 2018 by the primary founders of leading e-commerce solutions company Business Boomers, zVendo emerged from Egyptian developers and built to cater to the Middle East and the Arab world. The main aim was to enable businesses to start selling online in a blink of an eye and provide merchants and their customers with a localized experience that does not require having any technical knowledge.

Upcoming plans for market expansion are Market-places expansion, zVendo shipping and zVendo payments aggregators and facilitators, B2B marketplaces. And targeting to create a regional eCommerce hub; online web store, Mobile shopping applications on Android and iOS, e-payment solutions, merchants lending, shipping, warehouses, and ERP integrations.

CEO and Co-Founder “Tarek Bakry” announced that “zVendo accomplished being the market leaders in providing the eCommerce services to the Large and medium enterprises, with end-to-end solutions and many success stories in several industries, and now we’re expanding our line of business to cater to micro and small enterprises. zVendo equally started to expand regionally in UAE and Saudi Arabia to be followed by other GCC countries, targeting to brace the e-commerce growth across the whole region.”

Mr. Mohamed Farouk, CEO at Mobica group, said, “Technology is the future of the world, zVendo is the future of E-commerce. We shall all promote promising businesses as  zVendo that facilitates our E-commerce experience “

Mr. Bishoy Azmy, Founder of Gratus holding and CEO of ACGC revealed that,” We only invest in Businesses with leading Technology & promising future, zVendo has both. We see zVendo as the Shopify of the middle east having great potential in the region”

Freddy Maurice, Head of Investments at Mobica, also said, “Our expectations on zVendo are so upbeat, having the formula of success combining smart management, cutting edge technology and operating in the booming e-commerce industry. “

CTO and Founder “Sameh Abdel-Fattah” at zVendo, also announced that, “Our goal is to co-operate with Mobica to create value in the Egyptian economy and promote the existence of Technology in the market and achieve exponential growth. “