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Egypt’s Breadfast wants to build ‘Gopuff for Africa and Middle East’, gets $26M backing

TechCrunch

To that end, Breadfast , an online grocery delivery company that wants to become a regional leader in the sector has raised $26 million in Series A financing from an impressive group of investors. The investment is coming two years after Breadfast raised a $2 million pre-Series A round. Breadfast supplies. this past year.

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Y Combinator Top Companies - August 2022

Y Combinator

Today we’re excited to release an update to the YC Top Companies list. The list includes private and acquired companies valued at $150M or more as of July 31, 2022, and is sorted by valuation (YC’s public companies are featured here ). 63 companies have been added to the list since our last update in February 2022.

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2022 YC Year in Review

Y Combinator

Every company was offered our now standard deal of $500k. As of today, there are 16 public YC companies , Presto and Rigetti Computing joined the club this year. Our top companies list grew by over 150 companies in 2022. Even after the pullback in public markets, the total value of YC companies is over $600B.

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Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA

TechCrunch

The company also has a payment links feature where merchants share links with their customers to receive payments that are received using mobile wallets. And according to the company, 85% of mobile wallets transactions carried out in Egypt is processed by its infrastructure. million initially.

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Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital

TechCrunch

Last year, Paymob had over 35,000 local and international merchants using its payment gateways like Swvl, LG, Breadfast, and Homzmart. Similar companies in other regions across Africa include CinetPay , Ozow and Flutterwave. . .” Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA.

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Egyptian on-demand grocery delivery startup Appetito bags $2M pre-Series A

TechCrunch

Egyptian grocery delivery startup Appetito has raised $2 million in pre-Series A funding, the company confirmed to TechCrunch today. The round, which comes after the company’s $450,000 seed round in April, was led by U.S. But the company now offers non-food items such as personal care items, detergents and stationery products.

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Jüsto grabs new capital as it expands grocery delivery in Brazil, Peru

TechCrunch

The company claims to be the first supermarket in Mexico with no physical store that enables customers to buy groceries directly from its website, or an app, and Jüsto will deliver the order to the customer’s location of choice. The global pandemic helped a lot in terms of grocery adoption in Latin America,” he added. Image Credits: Jüsto.

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