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Egypt food and beverage delivery startup closes a $10M investment round


elmenus an Egyptian food discovery and ordering startup has successfully closed a $10 million funding round in a highly successful pre-Serie C round led by Fawry Luxor Capital and Marakez (property developer). elmenus intends to channel the funds towards expanding operations and converting its user base of several millions of users to order online. By year’s end, the food and beverage startup looks to empower 12000 startups across 20 Egyptian cities with new data and tool offerings that will help scale.

elmenus was founded in 2018 and offers a comprehensive platform for restaurant information and food discovery. The startup has been rapidly expanding and scaling its operations. Since the start of operations in 2012, it has raised $19.5 million in funding.

elmenus has helped over 1.5 million users browse through thousands of restaurants while ordering their favorite meals from a wide range of menu. At the heart of its business success is its value-driven approach that connects customers to restaurants.

Fawry, Egypt’s e-payment platform and unicorn will closely work with elmenus to develop innovative solutions that benefit both consumers and restaurants. Through this investment, elmenus will work closely with the executive team and enter into several ventures together.

Source: magnitt


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