Egypt’s Breadfast Raises USD 50 M Pre-Series C To Expand Online Grocery Platform

Egyptian online grocery platform Breadfast has raised USD 50 M in a pre-Series C round as it prepares for a larger Series C in 2026 and eyes expansion into North and West Africa.

The round drew backing from Mubadala Investment Company, International Finance Corporation, Olayan Financing Company, alongside Y Combinator, Novastar Ventures, 4DX Ventures, European Bank for Reconstruction and Development, and others.

Founded in 2017 by Mostafa Amin, Breadfast operates a vertically integrated e-grocery model spanning sourcing, production, fulfilment, and last-mile delivery. The capital will fund infrastructure, scale operations, and support its ambition to capture a meaningful share of Egypt’s USD 100 B grocery market ahead of a long-term IPO.