Fakahany raises $700,000 seed
Source: MENAbytes
Fakahany, a Cairo based farm-to-door fresh produce e-commerce platform has raised $700,000 in seed funding, the startup announced today. The round was led by Endure Capital and joined by some angel investors.
Founded last year by Waleed Khalil, who happens to be a partner with Endure Capital, and Ahmed Attia, Fakahany allows users in Cairo and Giza governorates to order fresh fruits and vegetables through its online platform or mobile apps for iOS and Android. The startup that has its own warehouses, sources the fresh produce directly from certified farms.
According to its website, they have four delivery slots between 9 am to 9 pm everyday, that customers can choose from to have their orders delivered to their doorstep.
“Fakahany focuses on closing the gap between farms and customers and optimizing the processes in between. By doing so we are able to provide our customers with fresh produce of the highest quality combined with great value for money and convenient delivery to your doorstep,” said Ahmed Attia, co-founder of Fakahny.
The startup according to statement has seen a great level of demand in the market and has been able to grow its revenues ten-fold over last one year.
