Khazenly, is an on-demand digital warehousing and fulfillment management platform. They help merchants digitize their businesses has raised $2.5million in seed funding.
Following the 30% growth projection of Egypt’s e-commerce market to $7.5 billion this year, startups have identified opportunities in logistics and operations. This growth has been facilitated by local merchants, rising income, and shoppers.
Khazenly, is one of such startups and was founded in mid-2021. Khazenly was launched by Mohamed Younes, Osama Aljammali, Mohamed Montasser, and Ahmed Dewidar.
How Khazenly Executes its Funding
Khazenly allows merchants and social commerce retailers to optimize processes digitally. This could be online (B2C), via retail stores (B2B), marketplaces, cross-border, or a combination of these channels.
According to the Chief Executive Officer, Mohamed Younes, Khazenly aims to solve warehousing and fulfillment problems. This problem is often among small and medium-sized merchants. They lack the resources to rent large warehouses and also carry out manual operations for their business.
Speaking on the unique features of Khazenly, Younes identifies what sets Khazenly apart from similar platforms like Flextock and ShipBlu. According to him, Khazenly’s multifaceted client approach and data/AI-driven products are what stand them out.
“There is no player in Egypt matching the digital experience that we already have to manage both B2C and B2B. Though we solve both aspects separately, we are solving a big pain in the market by automating both”, he said.
Khazenly also offers other services like cross-docking, transportation, delivery, and cash collection services.
Khazenly as a Problem Solver
Khazenly operates an asset-light model. It doesn’t own any of the warehouses or delivery vehicles and has partnered with over 100 last-mile companies. This facilitates seamless delivery for its merchants. These merchants pay a monthly subscription fee that is determined by the warehouse space and rundown of orders.
Just like other startups, Khazenly has reformed some former models of operation following a better understanding of their target audience.
For example, three weeks after its launch, they found that some of the clients cannot calculate how much space their restock will consume in the warehouse. To curb this, they developed a calculator where the client can input scalar quantities. This automatically calculates how much space they will consume in the warehouse, estimate the number of orders, and finally put out a subscription range.
Younes said that the merchants on its platform are in eight figures and the platform support merchants in over 16,000 self-service activities.
“We are very excited and proud of what we did the last few months. And I believe in the coming days we will do even more strategic and key milestones to let our merchants grow even more,” he said.
