{"id":559726,"date":"2021-02-02T04:13:24","date_gmt":"2021-02-02T04:13:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/02\/former-just-eat-ceo-invests-in-elmenus-joins-board\/"},"modified":"2021-02-02T04:13:24","modified_gmt":"2021-02-02T04:13:24","slug":"former-just-eat-ceo-invests-in-elmenus-joins-board","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/02\/former-just-eat-ceo-invests-in-elmenus-joins-board\/","title":{"rendered":"Former Just Eat CEO invests in Elmenus, joins board"},"content":{"rendered":"

<\/a> Elmenus has landed an undisclosed investment from former Just Eat CEO David <\/strong>Buttress<\/strong>, who will join the board of the Egyptian food delivery platform, it said in a statement (pdf)<\/a> yesterday. Buttress (bio<\/a>), now a partner at VC outfit 83 North<\/a>, has invested a \u201crelatively significant\u201d amount in the company, he told Bloomberg<\/a>. Buttress is investing his personal funds in the business. Over the next 18 months, Elmenus will use the investment to expand its market footprint by recruiting 4k new drivers and enhancing its social and personalized services. The company currently enjoys a 20% market share.<\/p>\n

Boom time for Egypt\u2019s food market:<\/strong> Buttress expects Elmenus to see 10x revenue growth this year following a solid 2020 thanks to the pandemic, which saw the company triple its top-line. \u201cThe Egyptian market is big and has a lot of potential to expand,\u201d he told Bloomberg. Prior to the latest investment, the company had attracted USD 10 mn in funding, including an USD 8 mn series B round<\/a> last year from Algebra Ventures and UAE-based Global Ventures. Congrats to Amir and the whole team at Elmenus. <\/strong><\/p>\n

FROM THE REGION-<\/strong><\/p>\n

Elmenus wasn\u2019t the only Middle Eastern food startup to receive a shot in the arm: <\/strong>Saudi food tech startup Foodics<\/a> has secured USD 20 mn in a series B funding round led by the kingdom's sovereign wealth fund, it announced yesterday.<\/a> The restaurant management software company will use the windfall to grow its market share, chase new markets, and expand its footprint in fintech. The company <\/strong>launched in Egypt last year<\/a><\/strong> after raising USD 4 mn in a pre-series B round.<\/p>\n

UAE adtech startup <\/strong>ArabyAds<\/a><\/strong> has acquired influencer <\/strong>marketing agency<\/strong> Dmenta<\/a><\/strong> for an undisclosed sum, the company announced in a press release (pdf)<\/a> on Sunday. Both companies \u2014 which are based in Dubai \u2014 have offices and operations in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elmenus has landed an undisclosed investment from former Just Eat CEO David Buttress, who will join the board of the Egyptian food delivery platform, it said in a statement (pdf) yesterday. Buttress (bio), now a partner at VC outfit 83 North, has invested a \u201crelatively significant\u201d amount in the company, he told Bloomberg. Buttress is […]<\/p>\n","protected":false},"author":1,"featured_media":559727,"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":[163,1226,72,219,95,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-dubai","tag-elmenus","tag-enterpriseam","tag-saudi-arabia","tag-startup-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"2d93972d-5cc5-4245-bdf7-8a425a607272","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/41.jpg","photo_position":"above","related_issue":[559716],"teaser":"","voice_url":""},"yoast_head":"\nFormer Just Eat CEO invests in Elmenus, joins board - 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\/02\/02\/former-just-eat-ceo-invests-in-elmenus-joins-board\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former Just Eat CEO invests in Elmenus, joins board\" \/>\n<meta property=\"og:description\" content=\"Elmenus has landed an undisclosed investment from former Just Eat CEO David Buttress, who will join the board of the Egyptian food delivery platform, it said in a statement (pdf) yesterday. 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Fawry\u2019s investment comes as it targets the country\u2019s large, fragmented restaurant industry. Elmenus will use the\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\/7\/409.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561907,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/elmenus-eyes-africa-expansion-by-the-end-of-the-year\/","url_meta":{"origin":559726,"position":1},"title":"Elmenus eyes Africa expansion by the end of the year","author":"enterpriseam admin","date":"26 April 2021","format":false,"excerpt":"Online food delivery platform Elmenus is planning to expand into new African markets by the end of the year, our friend Amir Allam, the company\u2019s founder and CEO, tells Al Mal. 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Jumia is bullish on food delivery services in Egypt where there is a gap\u2026","rel":"","context":"In "SPEED ROUND: INVESTMENT WATCH"","block_context":{"text":"SPEED ROUND: INVESTMENT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/385.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559761,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/gcc-firms-are-pouring-into-egypt\/","url_meta":{"origin":559726,"position":3},"title":"GCC firms are pouring into Egypt","author":"enterpriseam admin","date":"3 February 2021","format":false,"excerpt":"We\u2019re seeing plenty of interest in Egypt from GCC-based companies, travel ban to KSA notwithstanding.Zyda touches down in Egypt: Kuwaiti food tech startup Zyda has launched in Egypt, announcing in a statement (pdf) yesterday that it will invest USD 2 mn here. The platform offers e-commerce services to restaurants, allowing\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599369,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/elmenus-raises-undisclosed-series-b-investment-from-foodora-co-founder\/","url_meta":{"origin":559726,"position":4},"title":"Elmenus raises undisclosed Series B investment from Foodora co-founder","author":"enterpriseam admin","date":"26 June 2019","format":false,"excerpt":"Cairo-based food delivery startup Elmenus has received funding from Foodora co-founder and ex-VP of Delivery Hero Julian Dames, the company said in a statement (pdf) without disclosing the size of the investment. The funding is part of the company\u2019s ongoing series B round. Dames is also joining the Elmenus\u2019 board\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544384,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/","url_meta":{"origin":559726,"position":5},"title":"Careem taps into food delivery services with investment in Elmenus","author":"enterpriseam admin","date":"1 March 2022","format":false,"excerpt":"Uber subsidiary Careem is making an investment in homegrown Egyptian food ordering platform Elmenus, the Dubai-based company said in a statement cited by Bloomberg. The investment will \u201cextend our reach in one of our largest ride-hailing markets,\u201d Careem co-founder and CEO Mudassir Sheikha was quoted as saying in the statement,\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559726","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=559726"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559726\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/559727"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559726"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559726"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}