{"id":655383,"date":"2024-11-18T00:00:00","date_gmt":"2024-11-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/18\/supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion\/"},"modified":"2024-11-18T00:00:00","modified_gmt":"2024-11-18T00:00:00","slug":"supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/18\/supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion\/","title":{"rendered":"Supply chain tech startup Qara secures USD 2.6 mn in funding to drive expansion"},"content":{"rendered":"

Qara fuels Saudi expansion plans with funding round: <\/strong>Supply chain tech startup Qara<\/a> has successfully closed a USD 2.6 mn funding round led by strategic investors, the company said in a press release (pdf)<\/a>. EnterpriseAM spoke to CEO and co-founder Hassan Abouzeed to learn more about the startup and what it plans to do with the fresh funds.<\/p>\n

Qara?<\/strong> The startup has developed a platform that enables manufacturers to verify product authenticity, streamline supply chain operations, and make data-driven decisions. Its flagship app, Asly, allows users to scan unique QR codes to verify the authenticity of products, combat counterfeiting, and access warranties and detailed product information. Qara has authenticated over 28 mn product units across Egypt, Saudi Arabia, and Kenya, connecting manufacturers with over 50k business users. <\/p>\n

All roads lead to Riyadh: <\/strong>As part of the startup's expansion plans \u2014 which the funding round will help support \u2014 the first step is to further expand in Saudi Arabia, Abouzeed told EnterpriseAM. Qara has been in the kingdom for the last six months and has active clients there after it was one of 15 global companies selected for relocation incentives from the Saudi National Technology Development Program\u2019s (NTDP) Relocate Initiative, but it\u2019s looking to expand its footprint in the country further because \u201cwe can grow and totally disrupt the market in Saudi Arabia,\u201d Abouzeed added. <\/p>\n

Qara has its eyes on the rest of the region and beyond once it makes its mark on the <\/strong>kingdom: <\/strong>\u201cThe obsession right now is success in KSA \u2014 hands down,\u201d but the priority after this is the UAE, the entire region, and then Europe and Africa, Abouzeed told us. The company\u2019s SaaS model makes the product scalable across different geographies without having to be there in person, Abouzeed explained.<\/p>\n

The startup is also looking to develop its platform into a more scalable product: <\/strong>The startup will further develop its platform so \u2018it is a scalable model that would enable us to expand into other countries \u2014 like we did last year in Kenya and Saudi Arabia,\u201d Abouzeed told us. <\/p>\n

We should be hearing from Qara about another funding round soon: <\/strong>Qara plans to launch a new funding round in spring 2025 to further its product development and fuel international growth, Abouzeed announced to us.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funds will help the startup further build its platform and expand into Saudi Arabia<\/p>\n","protected":false},"author":1,"featured_media":655384,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[72,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-655383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"8df6ca40-0190-48ca-b0ee-3eea8485be2c","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1725.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt-born startup Qara secures USD 2.6 mn in funding to drive expansion","related_issue":[655376],"teaser":"The funds will help the startup further build its platform and expand into Saudi Arabia","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.b83c2d41-7711-4801-bf3f-c3f1c48887e7.mp3"},"yoast_head":"\nSupply chain tech startup Qara secures USD 2.6 mn in funding to drive expansion - 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\/2024\/11\/18\/supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply chain tech startup Qara secures USD 2.6 mn in funding to drive expansion\" \/>\n<meta property=\"og:description\" content=\"The funds will help the startup further build its platform and expand into Saudi Arabia\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/18\/supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-18T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1725.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/18\/supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/18\/supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Supply chain tech startup Qara secures USD 2.6 mn in funding to drive expansion\",\"datePublished\":\"2024-11-18T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/18\/supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion\/\"},\"wordCount\":390,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/18\/supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1725.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Startup watch\",\"startups\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/18\/supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/18\/supply-chain-tech-startup-qara-secures-usd-2-6-mn-in-funding-to-drive-expansion\/\",\"name\":\"Supply chain tech startup Qara secures USD 2.6 mn in funding to drive expansion - 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Participants in the round included Endure Capital, Seedstars, Camel Ventures, the International Cooperation Ministry\u2019s Falak Startups, Outlierz, Plus Ventures, Fort, Alex Angels, and other unnamed angel investors. Suplyd will use\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\/12\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620715,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/26\/oneorder-raises-usd-16-mn-in-a-series-a-round-ahead-of-gulf-expansion\/","url_meta":{"origin":655383,"position":1},"title":"OneOrder raises USD 16 mn in a series A round ahead of Gulf expansion","author":"enterpriseam admin","date":"26 May 2024","format":false,"excerpt":"The funds will be used to help OneOrder tap into the GCC markets this fall","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\/2024\/5\/1996.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557086,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/4-egyptian-startups-secure-usd-125k-seed-funding\/","url_meta":{"origin":655383,"position":2},"title":"4 Egyptian startups secure USD 125k seed funding","author":"enterpriseam admin","date":"6 September 2021","format":false,"excerpt":"Four Egyptian startups secured USD 125k each in seed funding by US accelerator Y Combinator, Magnitt reports. The funding came either following the companies closing pre-seed rounds, or as boosters to companies that are looking to expand and complete acquisitions.The startups: The Egyptian startups include Cairo-based delivery service ShipBlu, ins.\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\/9\/76.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669577,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/05\/wuilt-raises-usd-2-mn-in-funding-to-take-e-commerce-model-regional\/","url_meta":{"origin":655383,"position":3},"title":"Wuilt raises USD 2 mn in funding to take e-commerce model regional","author":"enterpriseam admin","date":"5 August 2025","format":false,"excerpt":"PLUS- Suplyd closed a USD 2 mn a pre-Series A round and Nowlun looks to enter Morocco","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\/2024\/8\/2566.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543982,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/freshsource-secures-seven-figure-usd-in-seed-round-kouncel-raises-eur-1-2-mn-in-a-pre-seed-round-led-by-afdb\/","url_meta":{"origin":655383,"position":4},"title":"FreshSource secures seven-figure USD in seed round + Kouncel raises EUR 1.2 mn in a pre-seed round led by AfDB","author":"enterpriseam admin","date":"28 February 2022","format":false,"excerpt":"Online B2B fruit and veg platform FreshSource has bagged an undisclosed seven-figure USD seed round led by 4DX Ventures and Wamda, the company announced in a statement (pdf). 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