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MaxAB, Egyptian food, grocery platform raises $40m for expansion

MaxAB, the food and grocery B2B e-commerce and distribution platform, serving a network of traditional retailers across Egypt and Morocco

Saudi arabiaGrand casablancaUnited kingdomKingdom of saudi arabiaBelal el megharbelAmer al ameriBritish international investmentSilver lakeBeco capitalFlourish venturesAfrica platformVenture capital

MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M

MaxAB gets $40 million from Silver Lake, BII and existing investors; it's the B2B e-commerce platform's third investment in 18 months.

Saudi arabiaGrand casablancaUnited kingdomBelal el megharbelMohamed ben halimBritish international investmentMubadala investment companyNorth africaMohamed benSaharan africaMenlo parkSilver lakeLong term capitalMubadala investmentBeco capitalAfrica platform

MaxAB closes $40 million pre-Series B round

Egypt-based food and grocery B2B e-commerce platfptm MaxAB, has closed a $40m pre-Series B equity round from Silver Lake, British.

Saudi arabiaGrand casablancaUnited kingdomKingdom of saudi arabiaBelal el megharbelMohamed ben halimAmer al ameriBritish international investmentSilver lakeBeco capitalFlourish venturesAfrica platformLong term capitalVenture capital

E-commerce startup MaxAB pulls in $40m in pre-series B round

RIYADH: Egypt-based B2B e-commerce startup MaxAB raised $40 million in a pre-series B funding round to expand to Morocco as well as grow its fintech solutions. Established in 2018, the company offers underserved traditional retailers the ability to connect with food and grocery suppliers with a wide range of embedded finance solutions. The company will be able to strengthen

Saudi arabiaAr riyaUnited kingdomBelal el megharbelBritish international investmentFlourish venturesBeco capitalAfrica platformAl ahsaAl kharjKhalij timesGulf newsSaudi gazetteKing abdullahObs in saudiWork in saudi arabia

MaxAB raises $40 million pre-Series B

MaxAB, an Egyptian startup that operates in Egypt and Morocco, serving businesses in the food and grocery sector, has raised a $40 million pre-Series B.

Saudi arabiaGrand casablancaUnited kingdomKingdom of saudi arabiaBelal el megharbelAmer al ameriBritish international investmentSilver lakeLong term capitalBeco capitalFlourish venturesAfrica platformNorth africaVenture capital

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