Egypt
The Egyptian online grocery delivery platform, Breadfast, has secured a USD 10 million (EGP 483.4 million) investment from the European Bank for Reconstruction and Development (EBRD), as part of its ongoing Series B2 funding round, bringing the company’s valuation to nearly USD 400 million (EGP 19.3 billion). The capital, led by Novastar Ventures, a Kenyan venture capital company focused on early and growth-stage businesses in East and West Africa, will support the company’s domestic expansion, with plans to add fulfillment…
