Egypt’s E-grocery Rabbit Raises USD 11 Mn pre-Seed Round

Cairo-based e-grocery Rabbit has closed its pre-Seed funding round of USD 11 Mn from Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Capital, and Goodwater Capital.

Rabbit is an on-demand quick commerce company delivering groceries, cosmetics, electronics, and more under 20 minutes by using dark stores. The startup plans to use the funding to cover several major cities and expand its operations to process hundreds of thousands of orders per month.