Gahez Marketplace has secured $2 million in pre-seed funding to revolutionize Egypt's garment market through a technology-driven platform connecting retailers, manufacturers, and wholesalers.

Target Information

Gahez Marketplace, launched in Egypt in 2021, has emerged as a trailblazer in integrating technology into the ready-made garment sector, not just within Egypt but potentially throughout the African apparel market. Recently, Gahez announced the successful closure of a $2 million pre-seed funding round, led by Disruptech Ventures with significant contributions from Egypt Ventures, Tanmeyah (an EFG Hermes subsidiary), Afropreneur fund, and other strategic angel investors.

The platform has been designed to address pressing challenges within the business-to-business (B2B) fashion supply chain across the region. Retailers in Egypt often struggle with a lack of visibility regarding market prices, limited access to wholesalers, and inadequate information about manufacturer offers and promotions. Gahez Marketplace addresses these issues by providing a comprehensive online platform that connects manufacturers and wholesalers with retailers while allowing retailers to purchase on credit. This not only enhances retailers' market reach and price transparency but also significantly boosts the visibility and sales potential of wholesalers and manufacturers.

Industry Overview

The apparel industry in Egypt is substantial, with a market size valued at approximately $24 billion. This sector is grappling with various inefficiencies due to its largely fragmented nature and the dominance of informal street resellers. The cur