Cairo based startup, Breadfast, has raised an undisclosed seven-figure (USD) series A funding led by 500 Startups and Egyptian Businessman and investor Mohamed El Sewedy, COO of El Sewedy Electric, one of country’s leading manufacturer of integrated energy products, according to MENAbytes
Mostafa Amin, the co-founder and CEO of Breadfast, says that the new funds will be used to expand across the whole city of Cairo, expand into new verticals and pilot their next city expansion. The startup will also be using a part of investment to expand its team.
Founded in 2017 by Mostafa Amin, Muhammad Habib and Abdallah Nofal, Breadfast delivers fresh bread and different other breakfast products to customers at their doorstep every morning. The customers can place their orders on Breadfast’s website or mobile apps by 10 pm every day. The startup bakes on a daily basis over night and delivers it to customers the next morning between 5 am to 11 am at the hour they choose.
The startup is already serving 14 major neighborhoods in Cairo, with thousands of households receiving their bread, milk, eggs, and many other commodities through it.
In another development, the startup told MENAbytes that it has also been accepted for the prestigious Y Combinator (YC) accelerator program. So the startup will be part of YC’s Summer 2019 class.
