Egypt: Online Used-Car Retailer Sylndr Raises U.S.$12.6 Million Pre-Seed to Disrupt Automotive Market

[TechCrunch] Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% are passenger cars) on its roads. According to this finding, most are used cars; their ratio to new vehicles is 3:1. But the used cars market isn’t only enormous in Egypt; it is in almost every country with a large population globally.