Cairo’s-based ecommerce marketplace for auto spare parts, Odiggo, has raised $180,000 as seed funding at the valuation of $1.25 million from Saeed Al Jaberi, a Saudi angel investor.
Odiggo also plans expansion into Saudi. They intend to use the investment to launch in Saudi Arabia as the traffic from there has the best conversion rate.
Odiggo sells auto spare parts through its bi-lingual website as well as mobile apps all over Egypt (and beyond). The startup aims to make buying car parts and services as simple as buying a t-shirt online.
Odiggo claims it has the most extensive catalog of auto spare parts in the region with over 290,000 products in their database. The startup charges 7 to 22 percent commission on every order made through their website as well as mobile app.
Oddigo has been an exclusive online sales partner of Valeo, a French global automotive supplier. Valeo has over 30,000 of its products listed on Oddigo. These products are shipped directly from their warehouse in Turkey to anywhere in the world, once an order is placed through Oddigos website as well as mobile apps.
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