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On-demand delivery platform YFS bags USD 7 mln in funding

Tuesday 1 February 2022 11:45 CET | News

Egypt-based startup YFS has secured USD 7 million in a Series A funding round to expand its national reach and meet the population’s needs for instant deliveries.

The online platform was launched in 2020 and represents one of the many similar companies that recently rose to fame in the MENA region as people are slowly shifting towards cashless, digital economies. 

Yalla Fel Sekka (YFS) is aiming to build a network of micro-warehouses and dark stores across Egypt, while the founders claim they identified a critical gap in the regional market – the need for instant deliveries. The company’s micro-warehouses and dark stores serve businesses from variable verticals, including ecommerce, pharmacies, and groceries and count for a fleet of 1,000 active drivers.

YFS received USD 2.5 million as seed money from Flybridge Ventures and I Squared Capital, the same investors who backed the company for the Series A funding, alongside DisruptAD and Kuwait-based Kharafi Group.

Source: Link


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Keywords: funding, delivery, ecommerce, online platform, expansion, cashless
Categories: Payments & Commerce
Companies: YFS
Countries: Egypt
This article is part of category

Payments & Commerce

YFS

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