Egypt-based start-up company Suplyd has secured $1.6 million pre-seed funding from Endure Capital, Seedstars, Camel Ventures, Falak Startups, and a number of angel investors.
The company plans to use the new funding to scale its technology and expand within and beyond Cairo, and to explore other growth opportunities in Middle-East and North Africa (MENA) region in the near future.
The company’s goal is to empower the supply chain of Egypt’s F&B sector by providing intuitive digital solutions that would bridge the gap between restaurant operators and suppliers.
On the other hand, Suplyd is also able to support suppliers through its network of tech-enabled fulfilment centres, which offers them real-time analytics and actionable insights concerning demand patterns and trends.
This enables suppliers to minimize waste, utilize industry assets, bring transparency to the market, and resolves the uncertainty of restaurants receiving their supplies.
Founded in January this year, Suplyd’s B2B platform brings efficiency in the supply chain operations for businesses in the food service industry by allowing digital order procurement, payment, and fulfillment.
