Back to the complete issue
Sunday, 17 April 2022

Cairo cloud kitchen startup raises USD 4.5 mn funding round

Cloud kitchen operator The Food Lab raised USD 4.5 mn in a pre-seed round co-led by Nuwa Capital, Shorooq Partners and 4DX Ventures and with participation from Saudi’s Al Faisaliah Group, Japan’s Samurai Incubate, KSA investor Abdul Majeed Al Hokair, and a number of other angel investors, the company said in a statement (pdf).

About The Food Lab: Founded in 2020 by Kareem El Daly (LinkedIn), Ahmed Osman (LinkedIn) and Wesam Masoud (LinkedIn), the startup handles end-to-end operations, from sourcing ingredients to food preparation and delivery, on behalf of Cairo restaurants. “Our mission is to bridge the gap between kitchens and consumers, and by building technology infrastructure, we are enabling the transformation of Egypt’s restaurant industry,” El Daly said.

Looking ahead: The startup will continue to focus on job creation and developing its technology and is working towards stepping foot in new markets in the Middle East and Africa.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.