{"id":554127,"date":"2021-12-21T03:59:18","date_gmt":"2021-12-21T03:59:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/waste-collection-startup-bekia-plans-usd-1-mn-gulf-expansion-for-1q2022\/"},"modified":"2021-12-21T03:59:18","modified_gmt":"2021-12-21T03:59:18","slug":"waste-collection-startup-bekia-plans-usd-1-mn-gulf-expansion-for-1q2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/waste-collection-startup-bekia-plans-usd-1-mn-gulf-expansion-for-1q2022\/","title":{"rendered":"Waste collection startup Bekia plans USD 1 mn Gulf expansion for 1Q2022"},"content":{"rendered":"

<\/a> Startup <\/strong>Bekia<\/a><\/strong> is looking to raise USD 1 mn to help it expand to the UAE <\/strong>and Saudi Arabia in 1Q2022<\/strong>, CEO Alaa Afifi told Al Mal<\/a>. The company hopes to close an initial USD 1 mn round in the first quarter of next year and will deploy the funds for its expansion, as well as to develop its existing services and attract new customers, Afifi said.<\/p>\n

Bekia rewards you for your trash: <\/strong>The online platform allows users to exchange solid waste such as old electronics, plastic, paper and tin for goods and services such as groceries, mobile credit and metro tickets. The waste is then sold to recycling factories and SMEs.<\/p>\n

The company hopes to grow its business by 25% in 2022.<\/strong> The firm, which currently operates in Cairo, Giza and Alexandria with a fleet of 20 trucks, is also planning an expansion into other governorates, he added. The company raised a USD six-figure investment<\/a> from Oman-based OTF Wadi in 2019.<\/p>\n

\n

Sakneen launches new algorithmic pricing tool:<\/strong> You can now see estimated market value, cost-to-finish and rental potential of homes in major residential compounds on a map through real estate portal Sakneen\u2019s new algorithmic pricing tool, according to a press release (pdf)<\/a>. The tool uses data points such as land cost, location, and previous sale values to estimate home prices and help home buyers make smarter decisions, said CEO and co-founder Ramy Khorshed (Morning Routine<\/a>).<\/p>\n

Next steps:<\/strong> The tool is launching with projects in 6 of October City, including Palm Hills, New Giza and Pyramid Heights, and is set to expand to East Cairo, Downtown and the North Coast.<\/p>\n

About Sakneen: <\/strong>Launched in 2020, Sakneen is a real estate marketplace aiming to connect real estate developers and agents directly with prospective homebuyers, mainly through a search engine that allows users to search for homes through filters like down payment, monthly payment, NPV and travel times. The startup raised USD 1.1 mn<\/a> in an oversubscribed seed round led by Algebra Ventures earlier this year, following a USD 150k pre-seed round<\/a> from Y Combinator last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Startup Bekia is looking to raise USD 1 mn to help it expand to the UAE and Saudi Arabia in 1Q2022, CEO Alaa Afifi told Al Mal. The company hopes to close an initial USD 1 mn round in the first quarter of next year and will deploy the funds for its expansion, as well […]<\/p>\n","protected":false},"author":1,"featured_media":554128,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[1577,72,83,2145,219,95,90,452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-bekia","tag-enterpriseam","tag-real-estate","tag-sakneen","tag-saudi-arabia","tag-startup-watch","tag-uae","tag-waste-management","wpautop","entry"],"acf":{"mongo_id":"6402ba9f-79cc-4b3c-99eb-d3fe61fdf180","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/436.jpg","photo_position":"above","related_issue":[554115],"teaser":"","voice_url":""},"yoast_head":"\nWaste collection startup Bekia plans USD 1 mn Gulf expansion for 1Q2022 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/waste-collection-startup-bekia-plans-usd-1-mn-gulf-expansion-for-1q2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Waste collection startup Bekia plans USD 1 mn Gulf expansion for 1Q2022\" \/>\n<meta property=\"og:description\" content=\"Startup Bekia is looking to raise USD 1 mn to help it expand to the UAE and Saudi Arabia in 1Q2022, CEO Alaa Afifi told Al Mal. 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Bekia is an online platform that allows users to exchange inorganic waste with goods and services such as groceries, mobile credit and metro tickets. The waste is then sold to recycling factories and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553371,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/six-egyptian-startups-eye-raising-a-combined-usd-250-mn-next-year\/","url_meta":{"origin":554127,"position":1},"title":"Six Egyptian startups eye raising a combined USD 250 mn next year","author":"enterpriseam admin","date":"1 December 2021","format":false,"excerpt":"You think it\u2019s been a crazy-hot year for startups raising funds in 2021? Just wait until next year\u2026 Six Egyptian startups \u2014 Trella, Bosta, Mozare3, Brimore, Teegara, and Koinz \u2014 are looking to raise a combined USD 250 mn in 2022, Bloomberg Asharq reports. 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The expansion into the two countries \u2014 which together account for almost half of the region\u2019s e-commerce industry \u2014 is being aided by\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/636.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563913,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/bosta-plans-to-land-in-saudi-arabia-by-early-next-year\/","url_meta":{"origin":554127,"position":3},"title":"Bosta plans to land in Saudi Arabia by early next year","author":"enterpriseam admin","date":"28 July 2021","format":false,"excerpt":"Egyptian courier startup Bosta plans to enter the Saudi market by early 2022, as part of the company\u2019s plans to expand its presence in the Gulf region, co-founder and COO Omar Yaghmour told Al Mal. The company is also eyeing the UAE and Kuwait Yaghmour said. Bosta seems to have\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/281.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547744,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/lets-all-say-hello-to-yap\/","url_meta":{"origin":554127,"position":4},"title":"Let\u2019s all say hello to YAP","author":"enterpriseam admin","date":"5 July 2022","format":false,"excerpt":"UAE fintech YAP plans to expand into Egypt next year after raising USD 41 mn in funding led by Saudi Arabia's Aljazira Capital, Abu Dawood Group, Astra Group and Audacia Capital, according to a press release picked up by Zawya. The startup hopes to raise another USD 20 mn to\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/118.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562058,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/paymob-wants-to-set-up-shop-in-saudi\/","url_meta":{"origin":554127,"position":5},"title":"Paymob wants to set up shop in Saudi","author":"enterpriseam admin","date":"5 May 2021","format":false,"excerpt":"Payment gateway Paymob is looking to roll out digital payment services in Saudi Arabia in the coming five years as part of its wider expansion plans that would see the Egyptian startup operating in two new countries through representative offices there in the near future, CEO Islam Shawky told Al\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/39.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=554127"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554127\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/554115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/554128"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=554127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=554127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=554127"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=554127"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=554127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}