{"id":555378,"date":"2021-11-11T04:11:21","date_gmt":"2021-11-11T04:11:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/11\/grocery-delivery-app-rabbit-raises-usd-11-mn-pre-seed-round\/"},"modified":"2021-11-11T04:11:21","modified_gmt":"2021-11-11T04:11:21","slug":"grocery-delivery-app-rabbit-raises-usd-11-mn-pre-seed-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/11\/grocery-delivery-app-rabbit-raises-usd-11-mn-pre-seed-round\/","title":{"rendered":"Grocery delivery app Rabbit raises USD 11 mn pre-seed round"},"content":{"rendered":"

<\/a> Grocery delivery startup <\/strong>Rabbit<\/a><\/strong><\/sup> has raised USD 11 mn in a pre-seed VC funding <\/strong>round<\/strong>, according to a company statement (pdf)<\/a>. Global Founders Capital<\/a>, Foundation Ventures<\/a>, Raed Ventures<\/a>, MSA Capital<\/a> and Goodwater Capital<\/a> all participated in the round, which the Cairo-based company says<\/sup> is the largest-ever pre-seed round in the Middle East and Africa<\/sup>.<\/p>\n

Never heard of Rabbit? <\/strong>Short for Rabbitmart, the app only launched in mid-October, just four months after the idea was conceived by Ahmad Yousry, Walid Shabana, Ismail Hafez and Tarek El Geresy. Rabbit guarantees delivery in 20 minutes or less, a promise that makes it one of the more ambitious players in our growing on-demand delivery market that includes the likes of Appetito<\/a> and Goodsmart<\/a>. The company currently operates in Mohandeseen, Zamalek, Maadi and Nasr City.<\/p>\n

What\u2019s next? <\/strong>Rabbit is planning an expansion push into further Cairo areas \u201csoon\u201d and several additional cities within the next year. The firm is targeting processing orders numbering in the six figures monthly.<\/p>\n

The on-demand grocery market is accelerating: <\/strong>Among Rabbit\u2019s competition in the ultra-fast delivery sector is Breadfast, which last week secured USD 26 mn<\/a> in funding in a series A round. Breadfast currently offers an on-demand service within the hour and is also targeting bringing delivery windows down to 20 minutes. Bigger regional players Instashop and Talabat have also been vying for market share<\/a> in the sector<\/a>, which boomed worldwide on the back of the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Grocery delivery startup Rabbit has raised USD 11 mn in a pre-seed VC funding round, according to a company statement (pdf). Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Capital and Goodwater Capital all participated in the round, which the Cairo-based company says is the largest-ever pre-seed round in the Middle East and Africa. Never […]<\/p>\n","protected":false},"author":1,"featured_media":555379,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,564,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-food","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"cbb47824-e06f-4681-b071-23b218f03bcb","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/417.jpg","photo_position":"above","related_issue":[555364],"teaser":"","voice_url":""},"yoast_head":"\nGrocery delivery app Rabbit raises USD 11 mn pre-seed round - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/11\/grocery-delivery-app-rabbit-raises-usd-11-mn-pre-seed-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grocery delivery app Rabbit raises USD 11 mn pre-seed round\" \/>\n<meta property=\"og:description\" content=\"Grocery delivery startup Rabbit has raised USD 11 mn in a pre-seed VC funding round, according to a company statement (pdf). Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Capital and Goodwater Capital all participated in the round, which the Cairo-based company says is the largest-ever pre-seed round in the Middle East and Africa. 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Also participating in the round were Tinder co-founder Justine Mateen\u2019s JAM Fund, Y Combinator\u2019s YC Continuity Fund, Abu Dhabi-based Shorooq\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/329.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555147,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/03\/delivery-startup-appetito-raises-usd-2-mn-pre-seed-funding\/","url_meta":{"origin":555378,"position":2},"title":"Delivery startup Appetito raises USD 2 mn pre-seed funding","author":"enterpriseam admin","date":"3 November 2021","format":false,"excerpt":"Cairo-based grocery delivery startup Appetito has raised USD 2 mn in pre-series A funding, the company said in a statement (pdf) last night. The round was led by US VC firm Jedar Capital and featured participation from Ghanaian investment company Golden Palm Investments, Africa-focused VC DFS Lab and a number\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/305.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565605,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/grocery-app-appetito-secures-usd-450k-in-funding\/","url_meta":{"origin":555378,"position":3},"title":"Grocery app Appetito secures USD 450k in funding","author":"enterpriseam admin","date":"19 April 2021","format":false,"excerpt":"Cairo-based grocery-delivery startup Appetito has secured USD 450k in seed funding to be put towards its product portfolio expansion, according to a press release (pdf). The round was led by Saudi Angel investor Ahmed Al Alola along with Africa-focused VC Fund Afropreneurs, and MENA-focused VC Jedar Capital. Established in March\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/458.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555109,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/02\/delivery-startup-shipblu-secures-usd-2-4-mn-seed-round\/","url_meta":{"origin":555378,"position":4},"title":"Delivery startup ShipBlu secures USD 2.4 mn seed round","author":"enterpriseam admin","date":"2 November 2021","format":false,"excerpt":"Last mile delivery startup ShipBlu raised USD 2.4 mn in a seed round led by Saudi Arabia\u2019s Nama Ventures, according to TechCrunch. Though the company did not specify how the funds would be deployed, co-founder Ali Nasser told the tech outlet that he wants ShipBlu\u2019s network and infrastructure to span\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/288.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548965,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/saas-startup-zeew-to-up-headcount-following-usd-630k-seed-round\/","url_meta":{"origin":555378,"position":5},"title":"SaaS startup Zeew to up headcount following USD 630k seed round","author":"enterpriseam admin","date":"29 August 2022","format":false,"excerpt":"Egypt-headquartered SaaS startup Zeew secured USD 630k in a seed round led by Plug and Play Ventures, Poland Prize and a number of angel investors, founder and CEO Mohamed Ghaith (LinkedIn) told Enterprise, confirming news first reported by Wamda.About Zeew: Founded by Ghaith in 2017, Zeew\u2019s software helps companies in\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555378"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555378\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/555379"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555378"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555378"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}