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Capiter
B2B marketplace.
- Category:
- Ecommerce
- Country:
- Egypt
- Founded:
- 2020
- Cause of Failure:
- Lack of funding
- Outcome:
- Shutdown
- Shut Down in:
- August 2023
- Founders:
- Ahmed Nouh, Mahmoud Nouh
- Number of Founders:
- 2
- Number of Employees:
- 501-1000
- Funding Amount:
- $33.00 M
- Last Funding Round:
- Series A
- Notable Investors:
- Capital Quona, MSA Capital
About Capiter
Capiter was a marketplace that connects retailers and wholesalers in the food and beverage, fast-moving consumer goods and electronics industries
What went wrong?
Capiter made headlines when it ousted its founders due to their repeated absence during the crucial due diligence checks preceding a potential merger. This move was prompted by the startup's precarious financial situation, which had been worsening over time.
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