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# Egyptian e-commerce Sharwa secures $2 million in pre-seed funding
- URL: https://www.techloy.com/egyptian-e-commerce-sharwa-secures-2-million-in-pre-seed-funding/
- Published: 2022-08-10T11:22:39.000Z
- Updated: 2022-12-07T22:03:10.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: E-commerce, Sharwa, Egypt

[Sharwa,](https://sharwa.store/) an Egypt-based e-commerce startup has secured $2 million in its pre-seed funding co-led by Nuwa Capital and Hambro Perks Oryx Fund with participation from angel investors, to improve its operations.

- The fund will be used to support the development of the startup's technology platform and hire new talents.
- Founded in 2022, Sharwa allows customers to purchase household essentials like groceries, appliances, and homecare at affordable prices via its app or WhatsApp.
- The startup works with community leaders to enable goods distribution to reach people in remote communities and upscale e-commerce in Egypt.
- It currently operates in Cairo and looks to expand its services to new geographies in the next 12 months.