{"id":647193,"date":"2017-05-04T03:54:19","date_gmt":"2017-05-04T03:54:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/"},"modified":"2017-05-04T03:54:19","modified_gmt":"2017-05-04T03:54:19","slug":"algebra-ventures-invests-usd-750k-in-goodsmart","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/","title":{"rendered":"Algebra Ventures invests USD 750k in GoodsMart"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Online grocery service GoodsMart has raised USD 750k from Algebra Ventures.<\/strong> <a href=\"http:\/\/disrupt-africa.com\/2017\/05\/egyptian-online-grocery-startup-goodsmart-raises-750k\/\">Disrupt Africa<\/a> says <a href=\"http:\/\/algebraventures.com\/\">Algebra Ventures<\/a> Managing Partner Tarek Assaad and former SODIC Managing Director and current Marakez CEO Ahmed \u201cDasha\u201d Badrawi will join the GoodsMart board. The investment will go towards expanding GoodsMart\u2019s operational capacity, increasing service coverage in Cairo, and raising awareness. In addition to Assaad, Algebra\u2019s managing partners include Khaled Ismail and Ziad Mokhtar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. The investment will go towards expanding GoodsMart\u2019s operational capacity, increasing service coverage in Cairo, and raising awareness. In [&hellip;]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647193","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5fb57cf3-5f07-466e-90fa-f98f43b43de3","order":"0","is_powered_by":true,"section_story_id":"b6c89d04-f25b-43ad-941e-e2d610251c7c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647178],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Algebra Ventures invests USD 750k 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\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algebra Ventures invests USD 750k in GoodsMart\" \/>\n<meta property=\"og:description\" content=\"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. The investment will go towards expanding GoodsMart\u2019s operational capacity, increasing service coverage in Cairo, and raising awareness. In [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-04T03:54:19+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Algebra Ventures invests USD 750k in GoodsMart\",\"datePublished\":\"2017-05-04T03:54:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/\"},\"wordCount\":76,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/\",\"name\":\"Algebra Ventures invests USD 750k in GoodsMart - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-05-04T03:54:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Algebra Ventures invests USD 750k in GoodsMart\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Algebra Ventures invests USD 750k in GoodsMart - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/algebra-ventures-invests-usd-750k-in-goodsmart\/","og_locale":"en_US","og_type":"article","og_title":"Algebra Ventures invests USD 750k in GoodsMart","og_description":"Online grocery service GoodsMart has raised USD 750k from Algebra Ventures. 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The news comes as GoodsMart prepares to raise a series \u2018B\u2019 funding round. Algebra previously\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":566899,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/27\/goodsmart-gets-funding-hof-looks-at-south-africa\/","url_meta":{"origin":647193,"position":1},"title":"GoodsMart gets funding, HOF looks at South Africa","author":"enterpriseam admin","date":"27 July 2021","format":false,"excerpt":"Online grocery shopping service GoodsMart has secured USD 3.6 mn in funding in a round led by Sawari Ventures. 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 &quot;SPEED ROUND: STARTUP WATCH&quot;","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":642563,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/tech-is-making-grocery-delivery-a-growing-trend-in-egypt\/","url_meta":{"origin":647193,"position":2},"title":"Tech is making grocery delivery a growing trend in Egypt","author":"enterpriseam admin","date":"16 August 2017","format":false,"excerpt":"Digital grocery delivery platforms are becoming the rage among startup types in Egypt, driven by a surge in e-commerce solutions, Radwa Rashad writes for Wamda. At least six grocery ecommerce platforms and apps exist, including Knock Mart, Dakakyn, Goodsmart, and Fakahany. Goodsmart, which secured USD 750k in funding from Algebra\u2026","rel":"","context":"In &quot;ON YOUR WAY OUT&quot;","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626671,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/algebra-ventures-leads-usd-1-5-mn-funding-round-for-jordans-posrocket\/","url_meta":{"origin":647193,"position":3},"title":"Algebra Ventures leads USD 1.5 mn funding round for Jordan\u2019s POSRocket","author":"enterpriseam admin","date":"9 July 2018","format":false,"excerpt":"INVESTMENT WATCH- Algebra Ventures leads USD 1.5 mn funding round for Jordan\u2019s POSRocket: Egypt\u2019s Algebra Ventures led a USD 1.5 mn second round of funding for Jordan-based startup POSRocket, according to a press release on Monday (pdf). KISP Ventures, Arzan VC, Financial Horizon Group, and two other angel investors also\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":622501,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/algebra-ventures-leads-usd-600k-series-a-round-for-real-estate-platform-icommunity\/","url_meta":{"origin":647193,"position":4},"title":"Algebra Ventures leads USD 600k Series A round for real estate platform iCommunity","author":"enterpriseam admin","date":"3 October 2018","format":false,"excerpt":"** #4 Algebra Ventures leads USD 600k Series A round for iCommunity: Mobile real estate platform iCommunity raised USD 600k in Series A funding round led by our friends at Algebra Ventures, according to a statement on Tuesday. iCommunity will use the investment to grow locally and internationally, its CEO\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":621951,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/algebra-ventures-joins-usd-16-mn-series-c-funding-for-the-uaes-holidayme\/","url_meta":{"origin":647193,"position":5},"title":"Algebra Ventures joins USD 16 mn series \u2018C\u2019 funding for the UAE\u2019s HolidayMe","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"INVESTMENT WATCH- Algebra Ventures joins USD 16 mn series \u2018C\u2019 funding for the UAE\u2019s HolidayMe: Our friends at Algebra Ventures joined a USD 16 mn series \u2018C\u2019 funding round for Dubai-based HolidayMe, the firm said in a statement (pdf). Algebra invested alongside Gobi Partners, Accel Partners, and Global Ventures. 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