20 Most Promising Egyptian Startups

The 20 Most Promising Egyptian Startups 2016 2

The startup scene is still nascent in the Arab world’s most populous country. Total funding for the 20 startups featured on our debut list have raised a total of $24.2 million. By comparison, the top 20 U.A.E. startups on last year’s FORBES MIDDLE EAST’s ranking  garnered $41.6 million.

The most active investors are 500 Startups, an American early stage venture fund and accelerator—perhaps not surprisingly, and Cairo Angels. Of the 20 startups, nine raised more than $1 million. There are 38 angel investors, compared to 17 venture capitalists, and most of the VCs are not Egyptian.

We sent out questionnaires to 350 startups gathered from different sources, such as TIEC, A15, Cairo Angels, Flat6Labs, and Sawari Ventures, as well as entrepreneurs who recommended peers.

We evaluated them based on their potential global and regional appeal, the quality of their investors (professional VCs), and the amount of funding. We selected the top 20, with $140,000 being the cut-off.

Several startups asked us not to publicly disclose their funding or investors.

RankImageNameFoundersYear FoundedDescription
1InstabugMoataz Soliman, Omar Gabr2013Tool to detect software glitches in apps
2YaootaSherif ElRakabawy, Mohamed Ewis2014Online price comparison
3WuzzufAmeer Sherif2011Recruitment platform
4Diwan VideosOssama Youssef2010Multi-channel network on YouTube
5VezeetaAmir Barsoum, Ahmed Badr2012Doctor appointment booking and review site
6ElvesKarim Elsahy, Abeer Elsisy, Kareem Diaa, Khaled Gomma, AbdelRahman Zohiery2016Personal helper
7Aqarmap.comAmad Almsaodi2011Real estate search engine
8EventtusMai Medhat, Nihal Fares2012Platform for events ticket sales and audience engagement
9MoviePigsPerihan Abouzeid, Hany El-Kerdany2015Streams Arabic indie films
10Edfa3lyMohamed Attya, Mohamed Hisham, Ahmed Mohamed2011Facilitates online ordering and shipping of U.S. merchandise
11Zee3Sherif Hossny2012Talent scouting
12ChainoAli Zewail, Mohamed Nar2015Social networking platform
13Biodiesel MisrMahmoud Abou Elrokab, Ismail Zaher and Motaz Elewa2013Manufactures biofuel from vegetable and animal oils
14MummWaleed Abdel Rahman2015Delivers home-cooked meals
15ElwafeyatYousef ElSammaa, Nesma ElFar, Con O'Donnell, Omar Hamdalla, Ashraf Maklad2013Online obituaries
16NafhamMostafa Farahat, Ahmed Alfi, Muhammad Habib2012Crowdsourced K to 12 educational platform
17TagaddodNour El-Assal, Ahmed Raafat, Mariam Afifi2013Renewable energy
18FeloosyKarim Beltaji, Aly Kouchouk2015Money management
19TasktyAhmed Galal Arara, Ahmed Atef Abdelmoaty, Ibrahim Abdeen2012Home maintenance services
20IFixMohamed Fayez, Omar Galal2015Fixes mobile phones

Researchers:

Jason Lasrado, Ahmed Mabrouk