Cairo – Mubasher: Egypt's grocery delivery platform Breadfast has obtained $26 million in a Series A round, co-led by Vostok New Ventures and Endure Capital.

Participants in the round included JAM Fund, led by Justin Mateen, Co-Founder of Tinder; YC Continuity Fund, a large Saudi-based group; Abu Dhabi-based Shorooq Partners; 4DX Ventures; and Flexport, according to a press release.

This investment round raises Breadfast’s total investment to date to over $33 million since it launched in 2017. The new capital will help Breadfast expand into eight new cities across Egypt, scale the technology behind its ‘pocket supermarket’ app, and grow its team as it expands across Sub-Saharan Africa.

The company also plans to reduce the on-demand delivery time to 20 minutes from the current one hour by expanding its network of dark stores.

The funding is one of the largest in the MENA region so far in 2021, following MaxAB’s $40 million round, Capiter’s $33 million series A round, and MNT-Halan’s $120 million round.

Source: Mubasher

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