{"id":566262,"date":"2021-06-07T13:55:16","date_gmt":"2021-06-07T13:55:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/hey-there-opontia-wink-wink\/"},"modified":"2021-06-07T13:55:16","modified_gmt":"2021-06-07T13:55:16","slug":"hey-there-opontia-wink-wink","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/hey-there-opontia-wink-wink\/","title":{"rendered":"Hey there, Opontia (wink, wink)"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Egypt could receive some of the USD 20 mn <\/strong><strong>Riyadh-based consumer holding startup <\/strong><strong><a href=\"https:\/\/www.opontia.com\/\">Opontia<\/a><\/strong><strong> has <\/strong><strong>earmarked for <\/strong><strong>regional acquisitions<\/strong><strong>. <\/strong>The company plans to open up offices in Egypt, Nigeria and Turkey in the coming months after raising USD 20 mn in a seed funding round that will finance future acquisitions of e-commerce brands, as well as recruitment, according to a <a href=\"https:\/\/www.zawya.com\/mena\/en\/press-releases\/story\/Dubaibased_Opontia_raises_20M_to_acquire_and_grow_MENA_ecommerce_brands-ZAWYA20210607052526\/\">statement<\/a>.<\/p>\n<p><strong>The seed round was led by Raed Ventures, Global Founders Capital, Presight Capital, and Kingsway Capital. <\/strong>Angel investors include <a href=\"https:\/\/razor-group.com\/about-us\">Razor Group<\/a> CEO Tushar Ahluwalia, Jumia Nigeria former Managing Director Jonathan Doerr, and UAE-based payment plan provider <a href=\"https:\/\/tabby.ai\/\">Tabby<\/a> CEO Hosam Arab.<\/p>\n<p><strong>Who is Opontia? <\/strong>Launched in March 2021, Opontia acquires and operates e-commerce brands in the Middle East and Africa. The company has made acquisitions and sales in the UAE, Saudi Arabia, Bahrain, and Kuwait so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt could receive some of the USD 20 mn Riyadh-based consumer holding startup Opontia has earmarked for regional acquisitions. The company plans to open up offices in Egypt, Nigeria and Turkey in the coming months after raising USD 20 mn in a seed funding round that will finance future acquisitions of e-commerce brands, as well [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":566263,"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":[10036],"tags":[633,125,1914,218],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-investment-watch","tag-enterprisepm","tag-investment-watch","tag-nigeria","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"0e5c07e6-d79e-4d2f-a8b8-7c4d831a2d4c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/440.jpg","photo_position":"above","related_issue":[566258],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hey there, Opontia (wink, wink) - 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\/06\/07\/hey-there-opontia-wink-wink\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hey there, Opontia (wink, wink)\" \/>\n<meta property=\"og:description\" content=\"Egypt could receive some of the USD 20 mn Riyadh-based consumer holding startup Opontia has earmarked for regional acquisitions. 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The USD 380 mn fund, launched last week by Misr Capital and Elevate Private Equity, is looking at companies in the fields of hospitals, labs, radiology centers and private medical\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549697,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/b2b-e-commerce-marketplace-mazaya-to-launch-in-nigeria-following-usd-5-mn-pre-seed-round\/","url_meta":{"origin":566262,"position":4},"title":"B2B e-commerce marketplace Mazaya to launch in Nigeria following USD 5 mn pre-seed round","author":"enterpriseam admin","date":"27 September 2022","format":false,"excerpt":"B2B e-commerce marketplace Mazaya (not to be confused with the perfume and makeup store) closed a USD 5 mn pre-seed round led by Raya Trade and Distribution, it said in a statement (pdf) yesterday.About Mazaya: Founded in December 2021 by Amir Aboul Fotouh (LinkedIn), who was previously commercial planning senior\u2026","rel":"","context":"In &quot;Startup watch&quot;","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\/9\/393.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599220,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/swvl-raises-usd-42-mn-largest-ever-funding-round-for-an-egyptian-startup\/","url_meta":{"origin":566262,"position":5},"title":"Swvl raises USD 42 mn, largest ever funding round for an Egyptian startup","author":"enterpriseam admin","date":"23 June 2019","format":false,"excerpt":"STARTUP WATCH- Swvl raises USD 42 mn in the largest-ever funding round for an Egyptian startup: Egypt\u2019s Swvl has raised USD 42 mn in Series B2 funding, the mass transportation startup said in a statement to Menabytes. 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