Waffarha closes a 7-figure seed investment round in partnership with Saudi VMS
Waffarha application, a digital platform based in Egypt, announced the closure of a seed investment round of seven figures in collaboration with “VMS,” a Saudi company that supports entrepreneurs and startups in Egypt, Saudi Arabia, and the Middle East.
The company stated in a press release that this investment will be directed towards achieving the strategic goals of the Waffarha application, enabling it to expand its growth and reach into the Saudi market.
Waffarha is an Egyptian digital platform that facilitates bill payments, delivery services, and corporate solutions. It partners with various restaurants, stores, and entertainment venues to offer discounts of up to 50% on all services.
These discounted prices are then passed on to customers to help them make purchasing decisions without having to wait for sale periods or forego purchases due to high prices and lack of alternatives.
The platform offers a wide range of services, including travel bookings, hotel reservations, dining, health and beauty services, and consumer product purchases, all with inclusive tax rates.
VMS is a company dedicated to supporting entrepreneurship, with resources, expertise, and diverse networks across various sectors aimed at supporting startups, accelerating ideas, and reducing risks to increase their chances of success.
Expanding into the Saudi market is a strategic move for Waffarha, reflecting its desire to strengthen its presence in one of the largest e-commerce markets in the region.
“Waffarha” strives to differentiate itself by providing a unique and convenient shopping experience for customers through the integration of modern technology and innovation in its operations and services.
By partnering with VMS, Waffarha aims to provide startups with the necessary support and infrastructure to accelerate their growth and expand their operations.
This move reaffirms Waffarha’s commitment to providing excellent services and adding value to its customers while enhancing its position as a leading destination in the e-commerce field in the region.
