Egyptian E-commerce Startup Ariika Secures $3 Million Funding Round
Egyptian e-commerce startup Ariika announced last week the successful completion of a $3 million funding round.
Founded in 2016 by Khaled Attallah and Shahir Arslan, Ariika has achieved a compound annual growth rate (CAGR) of 90%, serving over one million customers worldwide.
These funds, an extension of a previous Series A operation, will support the expansion of the young company across the rest of the MENA region. The operation, led by Beltone Venture Capital, was backed by the Emirati investment group, Citadel International Holdings.
