Who Is Going to Become Egypt’s First Tech Unicorn?
By Mohamed Karrem
The mythical creature has been used to describe many things in different ways, and the venture capitalist Aileen Le took advantage of this and in 2013, was the first to use the term to describe startups valued at over $1bn. This milestone is now widely aspired to by many startups, and Careem became the first Middle East-based tech company to become a unicorn. Egypt is yet to give birth to a unicorn, however, there are three companies who are well on their way there.
BasharSoft is a tech startup that provides the business community with the next generation of talent management and recruitment software systems. In 2009 it founded WUZZUF, one of it’s most ambitious companies. Over 10,000 companies and employers have been served successfully in Egypt, and 1.5 million CVs have been viewed on their platform. Currently, they are conquering the Gulf region by helping employers and job seekers in the UAE, Qatar, and other Gulf countries find their right match.
Vezeeta.com is a pioneer in the virtual healthcare field with over 200,000 reviews. Patients can book the appropriate doctor easily and within a few seconds. The co-founder Amir Barsoum introduced Vezeeta in 2012 and now it has one million users across the MENA region with offices in Cairo, Jordan, Lebanon, Morocco, and the UAE.
Instabug is the cherry on top of all other Egyptian startups according to Forbes. It serves many well-known companies such as Yahoo, Samsung, Paypal, SoundCloud, and BuzzFeed, helping mobile developers build better apps. With over 15,000 apps boasting more than 1,000,000,000 users between them, they may be establishments for the next unicorn rider, but who knows?