Muqbuis and Suplyd raise funds, Jumlaty and Appetito merge

Muqbuis and Suplyd raise funds, Jumlaty and Appetito merge
Muqbuis and Suplyd raise funds, Jumlaty and Appetito merge

Nama Ventures has invested in the pre-seed funding round for Muqbis, an Egyptian marketplace for handicrafts, to support the startup to reach more customers. The company was established last year by Iman El Wasifi, Mohamed Nasser and Kareem Hussein. It aims to be the Etsy of the MENA region.

In another Egyptian transaction a startup that is digitising and streamlining the HORECA industry, Suplyd, has raised a USD 1.6mn pre-seed round led by Endure Capital, Seedstars, Camel Ventures and Falak Startups.

Other investors in the round were Outlierz, Plus Ventures, Fort, Alex Angels and angel investors.

With the funds, the B2B startup plans to improve its technology, grow its team and operational capacity so it can expand its coverage beyond the Greater Cairo area. The company was established this year by Gohar Said, Karim Selima and Ahmed ElMahdy.


Jumlaty and Appetito merge, create NOMU
Egypt’s Appetito and its Saudi counterpart Jumlaty have merged and created a new entity, NOMU. With the tie-up both grocery delivery startups aim to create the leading supply-chain platform in the food technology industry with further ambition to enter Pakistan and other African countries in the near future.

Our merger will set us on the path to reach SAR 100mn in revenue (USD 25 Million) and positive EBITDA within 2023, with important synergies on the tech, marketing and procurement fronts.

Shehab Mokhtar, CEO NOMU

The new entity will be headquartered in Saudi Arabia but will have a presence not only in Egypt but Tunisia and Morocco as a result of Appetito’s acquisition of Lama.