iFix raises investment from A15
Source: Ventureburn
Cairo-based on-demand mobile phone repair startup iFix has raised an undisclosed investment from A15, an Egyptian firm that invests in digital products and technology brands.
Egyptian news publication Hapi Journal reported in an article yesterday that iFix will use the investment (which tech publication MenaBytes said in an article was a six-figure dollar sum) to launch an e-commerce platform for used mobile phones.
The startup was founded in 2015 by Omar Galal and Mohamed Fayez.
Hapi Journal said iFix has completed over 50 000 mobile phone repairs since it was launched.
It’s not clear when the deal was concluded, Ventureburn sought comment on this and other details of iFix’s operations from the startup but had not received a response at the time of publication.
