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In the first half of 2021, VC investment in Egypt grew by 29 per cent year-on-year, accounting for 91 per cent of total capital deployed in 2020, accord. ....
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 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.
La startup égyptienne Elmenus lève 10 millions de dollars auprès de Fawry et Luxor Capital afriqueitnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afriqueitnews.com Daily Mail and Mail on Sunday newspapers.
elmenus raises $10 million in pre-Series C round wamda.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wamda.com Daily Mail and Mail on Sunday newspapers.