Makwa, the Cairo-based laundry services startup that offers doorstep dry cleaning and laundry pick-up and delivery services has secured a six-figure investment from an angel investor.
“The investment coupled with the investor’s experience will help us continue to revolutionize the laundry industry for consumers and laundry professionals alike” says Aly Eteiba, Makwa’s Founder & CEO.
Here Is What You Need To Know
- Although the amount involved in this round of funding is undisclosed, the startup said it would use the investment to “scale the team, upgrade its technology, and accelerate its expansion into new areas.
- Makwa is a graduate of Flat6labs accelerator program and was chosen as one of 4 Egyptian startups representing Egypt in RiseUp’s Pitch By the Pyrmaids.
Read also: Key Lessons From One Of Egypt’s Largest Startup Events, RiseUp From Home
A Look At What Startup Makwa Does
Founded in 2017 by Aly Eteiba, Makwa is a mobile app providing doorstep dry cleaning and laundry pick-up and delivery services. Customers use the startup’s app to schedule pickup and delivery time slots, give special washing/ironing instructions, track orders, review orders’ history, rate the service and pay online. Makwa partners with vendors in the areas in which it operates who clean customers’ clothes.
“We are solving a problem that every household has had an issue with at some point in time. Our goal is to offer our customers a convenient, hassle- free and enjoyable customer experience, and at the same time deliver a reliable and consistent product and service,” the startup said in a statement.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer