Egyptian Digital Logistics Startup Khazenly Announces New Customers
Khazenly, the Cairo-based on-demand digital warehousing and fulfillment platform, has announced multiple new merchant customers at an exclusive event held at Sultan Hussein Kamel Palace in Heliopolis.
Khazenly is becoming the partner of choice for a rapidly growing number of merchants for some of Egypt’s most exciting companies across diverse industries including apparel and clothing, electronics, home accessories and FMCG.
Joining previously announced customers Mozare3 and Egypt’s largest distributor of Apple products XPRS by Tradeline, are Baraka Group - distributor of New Balance, Inglot cosmetics, Athlete’s, Mellow, Baraka Optics, and Naturalizer brands and Arrow Food Trading, among others.
Since inception in 2021, Khazenly has handled an 8 digit-figure of Gross Merchandise Value, and its fully-digitized platform supports clients on 28,000 self-service activities.
Via its simple and transparent subscription-based packages, Khazenly’s platform is a one-stop-shop for the full spectrum of fulfillment services, from warehousing, to cross-docking, transportation, delivery, and cash collection services.
Additionally, Khazenly's technology and fulfillment platform are designed to improve success rate and decrease returns pain for e-commerce merchants.
Mohamed Younes, Co-Founder and Chief Executive Officer, commented: “We are thrilled to count on the presence of so many of our existing valued partners today and welcome all of our new merchant customers.
"We are delighted to see the rapid adoption of the Khazenly platform by merchants across the country as testimony to our advanced technology platform, experienced team and network of market-leading partners – as we continue to lead the digitalization of logistics and fulfillment services.
"We look forward to continuing to grow our merchant network across Egypt, which we hope to grow by six times over the next 12 months.”
Customers at the event also gave testimonies to their successful partnership with the digital logistics startup, from experiential retail to omni-channel fulfillment.
Arrow Food Trading revealed Nespresso’s deliveries to customers have significantly reduced to under two hours since adopting Khazenly’s technology.
Ahmed Ragab, CEO of Baraka Group testified that Khazenly technology is fueling the digital transformation across all family brands; from New Balance and Athlete global fashion and apparel brands to home-grown brands such as Mellow.
Khazenly recently announced a $2.5 million seed fund raiseco-led by leading regional venture capitalists Arzan Venture Capital and Shorooq Partners.
Proceeds will be used to develop Khazenly’s products and services, and quadruple its existing facilities. Geographical expansion will also be supported as Khazenly continues its rapid growth trajectory during 2022.