Egypt-based Suplyd raised $1.6 million pre-seed funding from Endure Capital

Popular

Egypt-based Suplyd raised $1.6 million pre-seed funding from Endure Capital

Suplyd, a procurement platform for hotels, restaurants and catering (HoReCa) businesses in Egypt, raised $1.6 million pre-seed funding from Endure Capital, Seedstars, Camel Ventures, Falak Startups, and a number of angel investors.

By enabling digital order procurement, payment, and fulfilment, Suplyd’s B2B platform improves supply chain operations for businesses in the food service industry. Restaurants can access a wide range of products on demand via its platform, saving them man hours spent sourcing goods offline. It also ensures that businesses acquire goods at reasonable prices. Suplyd intends to use the new funds to scale its technology and expand within and beyond Cairo, as well as to investigate other growth opportunities in the Middle East and North Africa (MENA) region in the near future.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

Suplyd, a procurement platform for hotels, restaurants and catering (HoReCa) businesses in Egypt, raised $1.6 million pre-seed funding from Endure Capital, Seedstars, Camel Ventures, Falak Startups, and a number of angel investors.

By enabling digital order procurement, payment, and fulfilment, Suplyd’s B2B platform improves supply chain operations for businesses in the food service industry. Restaurants can access a wide range of products on demand via its platform, saving them man hours spent sourcing goods offline. It also ensures that businesses acquire goods at reasonable prices. Suplyd intends to use the new funds to scale its technology and expand within and beyond Cairo, as well as to investigate other growth opportunities in the Middle East and North Africa (MENA) region in the near future.

Disclaimer

At StartupNews.fyi we strive to uphold the highest ethical standards in all of our reporting and coverage. We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

Nvidia partners with Quantum Machines to combine classical and quantum machines

In a move to push the boundaries of computing...

Checkout.com launches virtual and physical card issuing

Leading global payment solutions provider Checkout.com announced the launch...

Upcoming Events

Startup Information that matters. Get in your inbox Daily!

spot_img
spot_img
Copy link
Powered by Social Snap