Cartona's $8.1 Million Funding Round Highlights Resilience in Egypt's E-Commerce Sector
Tuesday, 30 July 2024, 08:00
Overview of Cartona’s Growth
Cartona, which focuses on digitizing Egypt's traditional trade market, has recently secured $8.1 million in funding.
Significance of the Investment
- This funding comes at a time when investment in the B2B e-commerce sector in Africa is contracting.
- Cartona aims to enhance services for small retailers and restaurants, which are critical segments of the economy.
Conclusion
The successful funding round reflects Cartona's potential to adapt and thrive even in a declining investment climate, establishing it as a key entity in Egypt's e-commerce landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.