Algebra on board to make further investments in GoodsMart

INVESTMENT WATCH- Household shopping service GoodsMart has secured additional funding from Algebra Ventures: Our friends at Algebra Ventures have made an additional commitment to MENA unattended delivery pioneer GoodsMart, according to a press release (pdf). The news comes as GoodsMart prepares to raise a series ‘B’ funding round. Algebra previously invested USD 750k during the company’s series A round in April 2017. GoodsMart is a shopping app that allows customers to order unattended grocery deliveries; the company has grown its business three-fold in the past six months and is seeking capital to grow its business, upgrade warehouse facilities and bolster its operational capabilities, it said.