Deal Street

African Startup Funding Tracker

$3,561,929,000+

*Data updated daily at 18:00 EAT

Egyptian Startup Appetito Raises USD 450 K Seed Round
Egyptian Startup Appetito Raises USD 450 K Seed Round

Appetito, a Cairo-based grocery startup, has raised a USD 450 K seed round to help expand its operations in Egypt and beyond. The seed round was led by a group of Saudi Angel investors led by Ahmed Al Alola, an early-stage investor, and Afropreneurs Fund, an African early-stage technology fund. Jedar Capital, an emerging VC focused on early-stage start-ups in the Middle East, Africa, and emerging Asia, also participated in the round.

Appetito offers tailor-cut community catering concepts to different sectors, including healthcare, education, business, and the service industry. The startup uses a dark store model, in which goods are sourced from suppliers, housed in mini fulfillment centers, and then shipped to customers’ homes.