Egyptian Delivery Startup Appetito Raises USD 2 Mn Pre-Series A Round

Appetito, a Cairo-based grocery delivery startup, has raised USD 2 Mn in a pre-Series A funding round as it plans to rapidly scale. The round was led by Jedar Capital, a US-based early-stage VC focusing on MENA and Emerging Asia, with participation from Golden Palm Investments, DFS Lab, and a group of prominent angel investors and family offices.

Appetito is a grocery delivery platform that sources products from manufacturers, stores them in its warehouses, and ships them to customers via mini fulfillment centers. Customers can order from its website, mobile app, or social media accounts.