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You re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Elmenus, an Egyptian food discovery and ordering platform, has secured US$10 million in a new funding round from MENA- and North America-based investors. With its new strategy to take minority stakes in fast-growing, Egyptian technology businesses, Fawry Group, a digital transformation and e-payment platform, was the lead investor in this round raised by Elmenus. Other investors include Marakez, an Egyptian real estate developer, and New York-based hedge fund Luxor Capital Group, for whom this is the first investment in the MENA region. Having attracted more than 1.5 million monthly users since launching in 2018, Elmenus aims to personalize food recommendations at a dish level. Previously, the startup raised $1.5 million in a Series A round, and $8 million in a Series B round. ....
Egyptian food ordering platform raises $10m in funding arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
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Egyptian F&B group elmenus secures key Mideast, US funding tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Egypt's Elmenus Raises $10 Million In Funding albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.