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Thursday, 13 January 2022

Grocery startup Tawfeer Market secures USD 500k seed funding

Grocery delivery startup Tawfeer Market has raised USD 500k in seed funding, the company has announced. The Alexandria-based company said that it had received “contributions” from Alexandria Business Angels Network, without mentioning whether other investors were involved in the round.

About Tawfeer Market: Launched in 2020, Tawfeer Market is an online grocery store. It currently stocks more than 6k products at its fulfillment centers and says deliveries are made within one hour of ordering. Its app has been downloaded more than 100k times and has completed tens of thousands of orders, which are seeing double-digit m-o-m growth, according to the statement. The company recently graduated from the AUC Venture Lab accelerator program.

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