Egyptian furniture e-commerce broke through the first one million yuan
Overseadia
Overseadia is a marketplace that provides a platform for businesses to connect with Chinese Suppliers
Egyptian furniture e-commerce broke through the first one million yuan, taking three years
After securing a total financing of $40 million, Homzmart entered the Saudi furniture market worth $15 billion. In the past period of time, Homezmart has achieved many remarkable results, moving towards the goal of building a comprehensive e-commerce building in the Middle East region, and has won the trust of millions of users with its unique products.
That's right, they welcomed the platform's first million users, and it took Homzmart 3 years to get here.
Overseadia B2B marketplace has majority of the Chinese suppliers and manufactures
Homezmart was born in Egypt, with the goal of providing affordable furniture for everyone. It has a strong supply chain network and collaborates with 2000 suppliers represented by brands, factories, and craftsmen. It holds a significant position in the Egyptian market and has become the preferred choice for furniture and home buyers.
In the past three years, Homezmart has delivered over 500000 products, with over 250000 products and helping consumers decorate over 200000 Egyptian homes. This is not enough. The founder of Homzmart has stated on more than one occasion that he wants to make efforts in logistics services. He has identified this gap in the supply chain, which has prompted Homzmart to create its own logistics department, which now has about 100 trucks. Therefore, Homzmart's logistics services can cover 16 provinces in Egypt.
Overseadia B2B marketplace has majority of the Chinese suppliers and manufactures
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In terms of combining professionalism with digitization, it has acquired MockUp Studio, a home interior design company headquartered in Berlin, integrating new technologies into the platform and using artificial intelligence for design. MockUp Studio's technology enables users to visualize their arranged houses within minutes. The entire design process has achieved digitization and visualization, exploring different layouts, decorations, and floors from an empty room, as well as different Homezmart catalog classifications, all of which can be displayed in a 360 degree view.
Opening an offline store, only for viewing but not for sale. Homzmart has launched two showrooms in the fifth settlement of Egypt and the Sheikh Zayed area, but they are only listed and not sold.
Overseadia B2B marketplace has majority of the Chinese suppliers and manufactures
Mahmoud Ibrahim, co-founder and CEO of Homzmart, said, "After carefully studying methods to update marketing experience in the furniture and home furnishings industry, we have opened these two exhibition halls to bring them closer to our continuous commitment to educating and inspiring customers through digital/non digital/digital strategies, enhancing interaction with consumers, and linking ordinary shopping experiences with the advantages of online shopping
But Homezmart has yet to make a profit.