January 14, 2022

Tawfeer Market secures $500K seed funding -


ArabFinance: Tawfeer Market, the emerging online grocery retail startup, has raised half a million USD closing its seed round with contributions from Alexandria Business Angels Network, the company announced in an emailed press release.

The quick commerce app, which started delivering groceries to customers in 2020, became an established brand in the Alexandrian community.

According to the co-founder and CEO of Tawfeer Market, Ahmad Fasseeh, the grocery retail market is enormous, exceeding $50 billion.

Fasseeh added that Egypt's online grocery retail market share is still way below global averages and even behind other e-commerce sectors in Egypt. The future of online grocery retail in Egypt is expected to grow exponentially, leaving room for many players to fulfill different needs.

Established in 2020, Tawfeer Market is an Online grocery store. It tries to offer the right formula that fulfills consumer needs in the majority of their orders, offering the most commonly ordered 4000 SKUs, including fresh and frozen food at the lowest price within 60 minutes.

arabfinance


Categories : finance & economy

Finance & Economy

HHD’s legal counsel sets final terms of partnership contract with Mountain View

2022-01-21 08:00:00

ArabFinance: The legal counsel of Heliopolis Housing and Development (HHD) (HELI) and the Holding Company for Construction and"...
Read More

MOPCO to set up new plant for melamine ...
January 21, 2022
Fawry’s board nods to capital incr...
January 21, 2022

Latest News



finance & economy

HHD’s legal counsel sets final ter...
January 21, 2022
MOPCO to set up new plant for melamine ...
January 21, 2022
Fawry’s board nods to capital incr...
January 21, 2022