Entrepreneur News Network

Egypt’s Fincart Secures $2.8 Million Seed Funding to Scale E-Commerce Logistics Platform

Fincart

Cairo: Egypt-based e-commerce logistics startup Fincart has raised $2.8 million in an oversubscribed seed funding round to accelerate its expansion across Africa and the Middle East. The investment will support the company’s technology development, commercial growth, and strategic partnerships as demand for integrated e-commerce infrastructure continues to rise across the region. The funding round was … Read more

91trucks Restructures Business, Reduces Workforce and Shuts Stores Amid Commercial Vehicle Market Slowdown

Cofounders of 91 Trucks: (L-R) Vikas Sharma, Abhishek Gautam and Siddharth Sharma.

As per media reports, commercial vehicle marketplace startup 91trucks has undertaken a significant restructuring exercise, reducing its workforce and scaling back its offline retail operations as it adjusts to changing market conditions in India’s commercial vehicle sector. The company confirmed that it has implemented organizational changes and is sharpening its focus on key growth markets, … Read more