Riyadh - Sharikat Mubasher: The Saudi-based venture studio, Value Maker Studio (VMS), led a seven-figure seed investment round for the Egyptian digital shopping platform Waffarha, a recent statement unveiled.
Waffarha will dedicate these investments to boosting its expansion strategy into the Saudi market.
This investment underscores Waffarha’s commitment to providing top-notch services, enhancing customer experiences, and solidifying its position as a leader in the e-commerce industry in the region.
Waffarha offers a wide range of services, including travel bookings, hotel reservations, dining, health and beauty services, and consumer product purchases. It partners with various restaurants, stores, and entertainment venues to offer discounts of up to 50% on all services.
It should be noted that VMS plans to invest as much as $50 million in Egyptian startups within the upcoming six years.
