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Sunday, 18 December 2022

Hospitality logistics startup Suplyd bags USD 1.6 mn pre-seed for expansion

Local hospitality supply-chain startup Suplyd has raised USD 1.6 mn in pre-seed funding, it said in a statement (pdf) Thursday. Participants in the round included Endure Capital, Seedstars, Camel Ventures, the International Cooperation Ministry’s Falak Startups, Outlierz, Plus Ventures, Fort, Alex Angels, and other unnamed angel investors. Suplyd will use the funds to scale its tech, team, and operations, the company said.

About Suplyd: Founded in January 2022 by Gohar Said (LinkedIn), Karim Selima (LinkedIn), and Ahmed ElMahdy (LinkedIn), Suplyd’s B2B platform offers procurement, fulfillment, and payment services to hotels, restaurants, and caterers in Greater Cairo. The company’s platform and network of tech-enabled fulfillment centers aim to streamline the hospitality supply chain, minimizing waste and improving price transparency. Competitors include OneOrder, which closed a USD 3 mn seed round earlier this month.

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