Appetito, an Egyptian grocery delivery startup has successfully raised $450,000 seed funding.
The funding round, which will help Appetito scale nationally and internationally, was raised by a group of Saudi Angel investors. The group was led by Ahmed Al Alola, an early-stage investor who was one of the early backers of Nana and Sary; the Afropreneurs Fund.
Appetito was launched march 2020 with the aim of using a mobile app that delivers daily fresh baked products, nuts, groceries, and a wide selection of irresistible savory and sweet snacks.
The company recently extended its product range to include over 1000 SKUs from well-known market brands. They joined the hyper convenience race by offering customers delivery in under 60 minutes in select areas.
Shehab Mokhtar, the founder and CEO of Appetito, had this to say about the raise:
“We’re proud of what we’ve accomplished in just a few months after launching. We’re fortunate to have such prominent investors on our side. With their support and the team we’re putting together, I’m sure we’ll be in the lead in the global grocery delivery race.”
For more information on the company, check here