{"id":7286,"date":"2023-11-24T12:09:26","date_gmt":"2023-11-24T09:09:26","guid":{"rendered":"https:\/\/entarabi.com\/?p=7286"},"modified":"2023-11-24T12:15:09","modified_gmt":"2023-11-24T09:15:09","slug":"wayup-sports-closes-financing-round-to-support-its-regional-expansion","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2023\/11\/wayup-sports-closes-financing-round-to-support-its-regional-expansion\/","title":{"rendered":"WayUp Sports closes financing round to support its regional expansion"},"content":{"rendered":"<p style=\"text-align: left\">WayUp Sports, the Egyptian e-commerce platform specializing in sports performance-enhancing apparel and equipment, has successfully closed its seed funding round led by Risk Capital and Index Sports Fund.<\/p>\n<p style=\"text-align: left\">Launched in 2021 by Omar, Mohamed, and Basma Afifi, WayUp Sports aims to meet the demand for diverse, specialized, and performance-enhancing sportswear and gear, supported by the shared expertise of its three founders.<\/p>\n<p style=\"text-align: left\">The new funding will contribute to supporting the company&#8217;s growth to meet increasing demand and potential in the local and regional markets.<\/p>\n<p style=\"text-align: left\">This includes regional expansion, launching the WayUp Sports private label, and enhancing the user experience through the app and website.<\/p>\n<p style=\"text-align: left\">WayUp Sports provides performance-enhancing sportswear and equipment for various sports directly sourced from local and international brands.<\/p>\n<p style=\"text-align: left\">The platform allows customers to access a seamless shopping experience, managing the entire sales process from product storage and quality assurance to product delivery, along with training customer service staff to assist sports enthusiasts.<\/p>\n<p style=\"text-align: left\">Since its launch in 2021, WayUp Sports has raised a seed funding round\u060c Since then, the company has witnessed a ninefold increase in its growth rate.<\/p>\n<p style=\"text-align: left\">It has also formed strategic partnerships with over 70 local and international brands, serving more than 15 sports, offering over 10,000 products, and catering to over 100,000 customers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WayUp Sports, the Egyptian e-commerce platform specializing in sports performance-enhancing apparel and equipment, has successfully closed its seed funding round led by Risk Capital and Index Sports Fund.<\/p>\n","protected":false},"author":11,"featured_media":7283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1809,1772],"tags":[2353,2354],"class_list":["post-7286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-commerce","category-startups","tag-risk-capital","tag-wayup-sports-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/7286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=7286"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/7286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/7283"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=7286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=7286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=7286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}