Egyptian online grocery startup Tawfeer Market raises $500k seed round

Jan 14 2022

Tawfeer Market, an online grocery retail startup operating from Egypt’s second most populous city Alexandria, has raised a US$500,000 seed round to help it build on impressive early growth.

Launched towards the end of 2019, Tawfeer Market allows users to find and purchase groceries via app, which it then has delivered via its fulfillment arm. The quick commerce app has been downloaded more than 100,000 times so far, with tens of thousands of orders growing at a steady two-digit rate month-on-month.

Source: Disrupt Africa