Ooaaps eyes mns in funding for new warehouse: Egyptian supply chain solutions startup Ooaaps is mulling plans to close a USD 2.5 mn funding round by 1H 2026, co-founder and CEO Momen Rajab told Al Mal. The company is set to launch the funding round in mid-October — led by two local venture capital funds, Rajab added, without disclosing further details.

Where’s the money going? The firm will direct the round’s proceeds towards expanding its customs storage facilities in Egyptian ports. The company is currently in talks with Egypt’s Transport Ministry to set up a 20k sqm warehouse at Alexandria Port, which will store and ship parcels for SMEs. The move comes as the firm plans to increase its total storage capacity to 75k metric tons by 2029.

Ooaaps is currently setting up a dedicated parcel warehouse in Alexandria Port — spanning some 2.4k sqm and scheduled to open next October, Rajab told the outlet. The facility aims to streamline shipping operations and cut costs for SMEs. The integration of maritime shipping routes through its store facilities looks to cut the cost of shipping by nearly two-thirds.

Regional expansion could be on the cards. The firm is mulling setting up offices in KSA and the UAE in 2H 2026, Rajab told the news outlet. Ooaaps is also looking to expand its customer base by up to 50% to 3k, he noted.

About Ooaaps: The firm — established in 2020 — offers its electronic platform to facilitate custom clearance procedures to support export and import companies operating in Egypt. Its automated system allows customers to track shipments, manage inventory, and compile financial records via its digital platform.

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