Ahmed Shalabi is the founder of IU, an Alexandria-based online marketplace dedicated to seafood ordering.
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“Seafood is not it's not a great focus for similar apps in the market. There is a clear gap we are making in delivering seafood.”
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More from Ahmed Shalabi
AssertionNot checkable as stated
Shalabi: Global delivery apps left Egypt after Talabat took entire market
“We were, we had global ones in our market, but they are, they quit Egypt because Talbot acquired all the market share entirely.”
Ahmed ShalabiAug 7, 2021▶ 9:41Egypt Based Seafood Marketplace Launches, Does 70 Orders, Makes 15% Commission
AssertionPartly supported
Shalabi: Talabat charges restaurants around 35% commission per order
“They are asking them for around 35 percent on order.”
Ahmed ShalabiAug 7, 2021▶ 9:17Egypt Based Seafood Marketplace Launches, Does 70 Orders, Makes 15% Commission
AssertionNot checkable as stated
Shalabi: IU Seafood Marketplace Takes 15% Commission on 250 EGP Orders
“The average order size around 250 Egyptian pounds. And my commission is around 15% of this value.”
Ahmed ShalabiAug 7, 2021▶ 4:03Egypt Based Seafood Marketplace Launches, Does 70 Orders, Makes 15% Commission
Disclosure
Shalabi: Will Go Full-Time on IU After 3x-ing Engineering Salary
“Hopefully, when I, three X my day job salary.”
Ahmed ShalabiAug 7, 2021▶ 5:09Egypt Based Seafood Marketplace Launches, Does 70 Orders, Makes 15% Commission
Disclosure
Shalabi: IU Spent Around $500 on Google Ads Last Month
“I spent around 500 dollars.”
Ahmed ShalabiAug 7, 2021▶ 5:58Egypt Based Seafood Marketplace Launches, Does 70 Orders, Makes 15% Commission
Disclosure
Shalabi pays developer $500 monthly to rent IU marketplace software
“Mainly on the application itself, the developer, the development company, I am hiring, I'm renting the application from them with mostly fees 500 dollars.”
Ahmed ShalabiAug 7, 2021▶ 11:09Egypt Based Seafood Marketplace Launches, Does 70 Orders, Makes 15% Commission
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