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Capiter board fires CEO, COO as company looks set to become first casualty of slowdown on Planet Startup
The board of directors of B2B e-commerce startup Capiter has fired the company’s co-founders “effective immediately,” according to a statement…
THIS MORNING: Meltdown on Planet Startup + FinMin ends fixed customs exchange rate
Good morning, friends, and welcome to a very busy Sunday in which the apparent meltdown of Capiter is the only…
GASC in talks for new wheat buy + the Cairo hotel market rebounds in 2022
GASC is in direct talks with 14 wheat suppliers to buy an undisclosed amount of wheat, traders tell Reuters. The…
Gov’t to pay EUR 150 mn to Alstom consortium for monorail work
The Transport Ministry will soon pay out EUR 150 mn to the Alstom-led consortium implementing the Sixth of October-new capital…
What Capiter’s cofounder Mahmoud Nouh learned from co-founding Swvl
What Capiter’s co-founder Mahmoud Nouh learned from co-founding Swvl: B2B e-commerce marketplace Capiter recently made headlines for raising USD 33…
B2B e-commerce platform Capiter raises USD 33 mn for expansion in series A round
Cairo-based B2B e-commerce startup Capiter has raised USD 33 mn in a series A funding round co-led by Quona Capital…
Foundation Ventures launches new Egypt fund backing four local startups
STARTUP WATCH- VC firm Foundation Ventures has launched its inaugural Egypt-focused fund with an initial portfolio of four companies, Enterprise…
Egypt’s e-commerce startup Capiter to invest EGP 500 mn in 2021
STARTUP WATCH- E-commerce company Capiter plans to invest EGP 500 mn next year to expand its geographical presence and the…
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