E-commerce platform provider Zyda, has expanded into the Egyptian market, with investments of over $2 million (EGP 30 million).
Launched in early 2018 in Kuwait, Zyda enables restaurants and retailers to reach customers online without relying on third-party delivery companies. Through Zyda, restaurant owners can easily set up their website and decide which areas to deliver to and adjust their price per delivery zone. They can also receive orders through various social media platforms and activate a variety of online payment options. Their revenues take two to five days to be deposited into their account.
Since its inception, the startup has helped restaurant owners generate more than $100 million in total customer sales, saving them over $5 million worth of commissions typically required by third-party service providers.
“We are thrilled to be expanding into Egypt,” said Hamad Al-Judai, CEO of Zyda. “We are betting on the success of this expansion, not only because Egypt is a large and promising market, but also because of the many unique advantages we offer restaurants and retailers to help boost their business; most significantly that they pay zero commissions on their sales, which is a great competitive edge.”
Zyda's services will cover all of Egypt except the Red Sea. However, it plans to partner with delivery companies in the governorate to give restaurants access to more potential customers. Monthly subscription fees start at EGP 999 per month, and once they are subscribed, clients can set up and decorate their default Zyda store design, pick their own domain name, select their preferred menu layouts, manage their products and, ultimately, streamline their order process.
“We have enabled more than 2000 businesses to rise to their potential, most of which are restaurants in Kuwait, Saudi Arabia, Egypt, UAE, Qatar, Bahrain and Oman,” added Al-Judai. “Our business model is focused on the success of our client wherever their restaurant is located. We make sure our service is tailored to every country’s resources with regards to ease of ordering, payment methods and all other services we provide.”