Egypt’s Suplyd Secures $2 Million to Revolutionize Restaurant Procurement
In a significant boost for Egypt’s burgeoning tech ecosystem, Cairo-based digital procurement platform Suplyd has successfully closed a $2 million pre-Series A funding round. This investment, led by 4DX Ventures, Camel Ventures, and Plus VC, with support from Seedstars and existing investors, signals growing confidence in Suplyd’s mission to transform the country’s restaurant supply chain. The injection of capital will fuel the company’s expansion and product development efforts, specifically aimed at solidifying its footprint within Egypt’s extensive restaurant sector.
Digitalizing HORECA Supply Chains in Egypt
Founded in 2022 by Gohar Said, Karim Selima, and Ahmed ElMahdy, Suplyd is focused on providing streamlined procurement solutions for small and medium-sized enterprise (SME) restaurants. The startup is tackling the inefficiencies inherent in Egypt’s $10 billion hotels, restaurants, and cafes (HORECA) supply chain. By directly connecting restaurants with suppliers and optimizing procurement processes, Suplyd addresses critical issues such as supply chain delivery gaps and transparency concerns. Since its initial pre-seed funding of $1.6 million in 2022, Suplyd has demonstrated impressive growth, expanding its reach twentyfold and now serving over 5,000 restaurants. This underscores the strong demand for its digital solutions within the Egyptian market.
This latest funding round reinforces Suplyd’s position as a key player in Egypt’s tech scene, with the potential to significantly reshape how restaurants manage their supply chains. The success of Suplyd further illustrates the increasing interest in innovative African tech solutions aimed at solving localized challenges, setting an example for other startups.
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