Egypt’s Shatablee raises $1.2m

Egypt’s Shatablee raises $1.2m

Shatablee, a digital interior design & build platform tackling the diverse finishing problems in the Egyptian Market, raised a $1.2 million funding round to scale operations as it seeks to optimize and fully digitize the interior finishing journey.

Founded in 2021, Shatablee aims to digitally transform the traditional home finishing process through unprecedented solutions enabling all home owners in gated communities to have access to a faster & easier journey yet cost effective with a variety of financial solutions under one single digital platform.

Through Shatablee, users start by selecting their unit type within their home compound to browse through a gallery of multiple design packages either premium, exclusive to luxury. Users can then customize the designs for each space within their unit to their own preference, choosing from a variety of financing plans and submit their order. Once order is confirmed, Shatablee starts the build phase and completes the entire process in the span of 90 days.

“The sheer size and fragmentation of the market play to our advantage. We believe that Shatablee is best suited to address the asymmetries faced by customers as well as professionals in the market, be it the lack of financing, the prolonged time to deliver that may take up 12 months, the limited price transparency or the inadequate quality of houses created across many segments, specially within gated communities” said Moustafa Amer, founder and CEO of Shatablee.

The capital raised will be used to implement the company’s strategy and in its expansion plans across its home market.

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