Egatee

About Egatee

Egatee operates as a business-to-business (B2B) e-commerce platform focused on the African market, with its headquarters located in Hong Kong. The company initiated its operations in Nigeria in September 2021 and also has a presence in Uganda, Ghana, Cote d'Ivoire, Kenya, and Tanzania. Egatee has secured a Series A funding round with investment from Zhejiang China Commodities City Group Co and Gaorong Capital.

The company's core business revolves around empowering informal retailers by providing a one-stop online platform to procure a wide variety of products at wholesale prices. Egatee aims to help these small and medium-sized businesses save on operational costs and improve profitability by offering competitive pricing. The business model targets the vast informal retail sector in Africa, which accounts for a significant portion of the continent's commerce. Revenue is generated through the sale of goods on its platform, which functions as a marketplace connecting third-party sellers with retail buyers, and by charging transaction fees.

Egatee's platform is accessible via a website and a mobile application, providing tools for retailers to manage a large inventory of commodities efficiently. The product catalog is extensive, featuring categories such as clothing, electronics, home appliances, personal care, medical supplies, and more. Beyond the marketplace, the company offers a suite of services designed to streamline the entire supply chain. These services include distribution management, last-mile fulfillment, customs clearance, cross-border settlement, and warehouse management, ensuring timely and efficient delivery to its clients, which include pharmacies, clinics, and various retail stores.