News

Delivery startup Appetio to expand across Africa after seed funding round

Tuesday 1 June 2021 10:15 CET | News

Egypt-based delivery service startup Appetito aims to expand across Africa after securing a seed funding round.

Founded in March 2020, Appetito is a grocery delivery platform that sources products from manufacturers, stores them in its warehouses, and ships them to customers via mini fulfilment centres. Customers can order from its website, mobile app, or social media accounts.

Appetito started out by selling white label products only, but later began onboarding products from well-known consumer brands. The company raised a pre-seed round of USD 100,000 shortly after it launched, and recently secured USD 450,000 in seed investment from a group of investors.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: delivery, expansion, online payments
Categories: Payments & Commerce
Companies:
Countries: Egypt
This article is part of category

Payments & Commerce