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Egypt and Dubai-based car parts marketplace, Odiggo has secured $2.2 million dollars in a seed round financing led by 500 Startups, Y Combinator, and Plug and Play Tech Center. The new seed round financing totals the amount raised by the Autotech to $2.9 million, raised over 5 rounds. Part of the seed round financing would be used to continue developing Odiggo’s tech dashboard software. The deep-tech dashboard seeks to offer optimum customer experience through usage of AI technology for On-board Diagnostics (OBD) and enhance vehicle’s self-diagnostic and reporting capability, enabling Odiggo to get data to identify between 2-3k errors in a car.
In a statement, Ahmed Omar, Co-founder and CEO of Odiggo said: “Odiggo will use the new funding to fuel growth. That’s the main thing, so mainly it’s focusing on technology and expanding our team in UAE, Saudi Arabia, and Egypt.” The founders also plan to make Odiggo public within three years. Co-founder and President of Odiggo, Ahmed Nasser states that Odiggo is on the way to IPO by 2024 with #BillionBookings as the startup’s next achievable goal with the listing also on the US Nasdaq and a mission to be the first $100B dollar company coming out of the region. He is quite positive about Odiggo’s future and believes the startup could achieve unicorn status within 30 months.

Odiggo is one of the 13 African startups that joined YC Accelerator 2021. The Autotech currently serves over 45,000 users and also recently announced plans to expand to Riyadh, Saudi Arabia with the present focus on the GCC, due to it being a huge untapped market.
Odiggo was launched in 2019 to transform the car parts market in the broader Middle East. The startup provides an Internet of Things (IoT) solution that links car owners with already established car parts and service suppliers making it very simple to get their car services done in minutes. Odiggo helps all car owners to find the best quality car parts with the lowest prices possible, along with the ease of using technology and provides easy luxury when it comes to car parts & accessories, filtering the prices and availability of all products in seconds.
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