Nawy, a Cairo-based property-technology start-up, has secured a seven-figure investment in a seed round led by the Sawiris Family Office. The investment round also saw the participation of the CEO of the Etisalat Group, Hatem Dowidar. Founded in 2016 under the brand name ‘Cooing’ by Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, Aly Rafea and Mostafa El Beltagy, Nawy provides an end-to-end platform for users to browse real estate properties located across Egypt. With the latest funds, Nawy plans to invest in their technology and to diversify their model to accommodate for a wider array of services. At the moment, Nawy allows users to run elaborate searches for property through its platform. Users are able to filter their searches down to property size, price, location and more. Once a user has found a property they are interested in, Nawy’s brokerage arm steps in to provide a seamless transaction process at no additional cost to the user. “There’s a considerable chunk of time lost from a home-buyer’s end due to the lack of information and transparency, which breeds anxiety within customers. Even more traditional methods, such as push sales from cold…
Egyptian Property Start-Up ‘Nawy’ Secures Seven-Figure Investment
July 25, 2021
