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Tuesday, 27 April 2021

Kuwaiti coffee app Cofe to enter Egypt

Kuwaiti coffee delivery app Cofe is planning to expand into Egypt and Turkey after raising USD 10 mn in a series B funding round, according to Zawya. Cofe landed the investment from Kuwaiti Sharia'a compliant investment house Al Imtiaz Investment Group. The timeline for the expansion into the Egyptian market was not specified. The business plans to use the funding to hire and build specialized teams as well as launch new products for its partner vendors and baristas. The Cofe app offers coffee shop delivery services while also including a marketplace for various coffee merchandise including beans and machines.

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