Egyptian Delivery Startup Breadfast Secures USD 26 Mn Series A Round

Egyptian grocery delivery startup Breadfast has raised a USD 26 Mn Series A funding round to expand into new cities, scale its technology, and move into Sub-Saharan African markets. The round was co-led by Vostok New Ventures and Endure Capital and included participation from JAM Fund (led by Tinder co-founder Justin Mateen), YC Continuity Fund, Shorooq Partners, 4DX Ventures, and Flexport.

Through its iOS and Android-enabled app, Breadfast offers scheduled and on-demand delivery of groceries and other household essentials. The company owns the entire value chain, in-housing the bread production, logistics and distribution, technology, and customer experience, and delivers tens of thousands of orders every month.