SPEED ROUND: STARTUP WATCH

MaxAB acquires Moroccan startup WaystoCap

Cairo-based B2B food and grocery startup MaxAB has acquired Moroccan ecommerce and logistics platform WaystoCap for an undisclosed amount, following a fresh USD 15 mn capital injection from its investors, TechCrunch reports. The new investment takes the company’s total series A funding to USD 55 mn, enabling it to expand outside of Egypt for the…