Egyptian Startup Tawfeer Market Raises USD 500 K Seed Round

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Tawfeer Market, an online grocery retail startup operating in Alexandria, has raised a USD 500 K seed round to help it build on impressive early growth. The investment comes from the Alexandria Business Angels Network. The startup also recently took part in the AUC VLab acceleration program.

Tawfeer Market allows users to find and purchase groceries via an app, which it then has delivered via its fulfillment arm. Tawfeer Market tries to offer the right formula that fulfills consumer needs in the majority of their orders, offering the most commonly ordered 4,000 SKUs, including fresh and frozen food, at the lowest price within 60 minutes.

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