{"id":601095,"date":"2019-02-19T03:59:56","date_gmt":"2019-02-19T03:59:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/algebra-on-board-to-make-further-investments-in-goodsmart\/"},"modified":"2019-02-19T03:59:56","modified_gmt":"2019-02-19T03:59:56","slug":"algebra-on-board-to-make-further-investments-in-goodsmart","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/algebra-on-board-to-make-further-investments-in-goodsmart\/","title":{"rendered":"Algebra on board to make further investments in GoodsMart"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Household shopping service GoodsMart has secured additional funding from Algebra Ventures: <\/b>Our friends at Algebra Ventures have made an additional commitment to MENA unattended delivery pioneer GoodsMart, according to a press release (pdf)<\/a>. The news comes as GoodsMart prepares to raise a series \u2018B\u2019 funding round. Algebra<\/a> previously invested USD 750k during the company\u2019s series A round in April 2017. GoodsMart<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 \u2018B\u2019 funding round. Algebra previously invested USD 750k during the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[398,72,203,125,2380,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601095","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-algebra-ventures","tag-enterpriseam","tag-entrepreneurship","tag-investment-watch","tag-speed-round","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"0a15ee2a-0aed-4256-a9b5-f656d4a83379","is_powered_by":true,"section_story_id":"318fee87-108e-455e-9420-6397f2c59f59","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601084],"teaser":"","voice_url":""},"yoast_head":"\nAlgebra on board to make further investments in GoodsMart - 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\/2019\/02\/19\/algebra-on-board-to-make-further-investments-in-goodsmart\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algebra on board to make further investments in GoodsMart\" \/>\n<meta property=\"og:description\" content=\"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 \u2018B\u2019 funding round. Algebra previously invested USD 750k during the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/algebra-on-board-to-make-further-investments-in-goodsmart\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-19T03:59:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/algebra-on-board-to-make-further-investments-in-goodsmart\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/algebra-on-board-to-make-further-investments-in-goodsmart\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Algebra on board to make further investments in GoodsMart\",\"datePublished\":\"2019-02-19T03:59:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/algebra-on-board-to-make-further-investments-in-goodsmart\/\"},\"wordCount\":114,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Algebra Ventures\",\"EnterpriseAM\",\"entrepreneurship\",\"investment watch\",\"SPEED ROUND\",\"venture capital\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/algebra-on-board-to-make-further-investments-in-goodsmart\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/algebra-on-board-to-make-further-investments-in-goodsmart\/\",\"name\":\"Algebra on board to make further investments in GoodsMart - 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The company will use the proceeds to grow its presence across the local market with a view to expanding its services to East Cairo in the coming months, according to a\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\/472.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647193,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/","url_meta":{"origin":601095,"position":1},"title":"Algebra Ventures invests USD 750k in GoodsMart","author":"enterpriseam admin","date":"4 May 2017","format":false,"excerpt":"Online grocery service GoodsMart has raised USD 750k from Algebra Ventures. Disrupt Africa says Algebra Ventures Managing Partner Tarek Assaad and former SODIC Managing Director and current Marakez CEO Ahmed \u201cDasha\u201d Badrawi will join the GoodsMart board. 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