{"id":670064,"date":"2025-08-13T00:00:00","date_gmt":"2025-08-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/13\/breadfast-closes-usd-10-mn-round\/"},"modified":"2025-08-13T00:00:00","modified_gmt":"2025-08-13T00:00:00","slug":"breadfast-closes-usd-10-mn-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/13\/breadfast-closes-usd-10-mn-round\/","title":{"rendered":"Breadfast closes USD 10 mn round"},"content":{"rendered":"<p class=\"tag-border-left\">STARTUPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Breadfast secures USD 10 mn:<\/strong> Local grocery and bakery delivery startup Breadfast has secured USD 10 mn in a Series B2 round, which saw participation from the European Bank for Reconstruction and Development and Novastar Ventures, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/08\/breadfast-bags-10-million-ebrd-nears-400-million-valuation\" style=\"\" rel=\"noopener\">press release<\/a>. This latest round pushes the company\u2019s valuation to around USD 400 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money going? <\/strong>Breadfast will use the fresh capital to expand its fulfillment network across the nation and step into new markets. Part of the funding will support the growth of its fintech arm, Breadfast Pay, which offers savings, withdrawals, and branded payment cards. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HSBC Egypt has launched treasury APIs<\/strong> \u2014 Application Programming Interface \u2014 allowing companies to integrate directly with its treasury and payments systems for real-time access to its cash management services, according to a company <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/785.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThis marks a key milestone in advancing our digitization agenda in Egypt in line with HSBC\u2019s broader commitment to delivering innovative digital solutions that support clients\u2019 resilience and competitiveness. By giving businesses real time visibility and control over their cash, HSBC Treasury APIs help our clients unlock faster and smarter financial decisions and open new possibilities for growth,\u201d Deputy Chairman and CEO Todd Wilcox said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewedy Industrial Development will develop an integrated, sustainable <\/strong><strong>industrial and logistics zone in Safaga<\/strong> under an MoU signed with the General Authority for the Golden Triangle Economic Zone, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/ElSewedyIndustrialDevelopment\/posts\/pfbid032LGwrdyHy74JeXWcWaLhgoHNMZsnNtpSbu3cidorrxFTGHp2MV3mE43PkHZxLAFhl?rdid=42HMxVfUxWfCyjBK#\" style=\"\" rel=\"noopener\">statement<\/a>. The zone will target several industries, including mining, engineering, manufacturing, chemicals, and food, with the goal of attracting local and foreign investment, creating jobs, and increasing Upper Egypt\u2019s industrial output.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And another one:<\/strong> Elsewedy Industrial Development secured a 350-feddan plot in New Borg El Arab to establish a comprehensive industrial zone under the industrial developer system, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02rSNmnPCXYfuX8eHQGfJXPsjrm4Z6LmGoKciUFF7dWmKysJCY22P8GybSZpg4jEt3l\" style=\"\" rel=\"noopener\">statement<\/a>. Industrial land plots within the new zone will range between 2.5k-5k sqm and are set to host engineering, chemicals, textiles, food, and storage projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The New Urban Communities Authority will invest EGP 120 bn in New <\/strong><strong>October City over the coming three years<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AsharqbEGY\/posts\/pfbid02ewsFxjh5YjkPKwgqiXKMYHH8xrz2NxzK8EXzMb4SevjESjieLhdFnMETFJZr627al\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing an unnamed official. Around EGP 50 bn will be allocated to utility projects and EGP 70 bn to housing, with half of the spending directed to an 8.5k-feddan expansion area.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Minapharm to secure EUR 26 mn from Triquera:<\/strong> EGX-listed pharma player Minapharm\u2019s board signed off on a EUR 26 mn, interest-free loan from majority shareholder Triquera, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/754.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. The loan comes with no obligations for the company and may be converted into new shares at par value, subject to a capital increase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Africa-focused private equity firm Admaius Capital Partners last month <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a8d0226-20f9-4902-ab79-a5c5bd70005d\/admaius-takes-minority-stake-in-minapharm-majority-shareholder-triquera\" style=\"\" rel=\"noopener\">bought a<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a8d0226-20f9-4902-ab79-a5c5bd70005d\/admaius-takes-minority-stake-in-minapharm-majority-shareholder-triquera\" style=\"\" rel=\"noopener\">minority stake in Triquera<\/a> \u2014 which owns a 79.59% stake in Minapharm \u2014 through a capital increase in Triquera.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Elsewedy Industrial Development will develop an integrated, sustainable industrial and logistics zone in Safaga<\/p>\n","protected":false},"author":1,"featured_media":670065,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,204,1316,7106,72,490,131,878,879,83,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-670064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-banking","tag-breadfast","tag-debt","tag-enterpriseam","tag-hsbc","tag-manufacturing","tag-minapharm","tag-new-urban-communities-authority","tag-real-estate","tag-startups","wpautop","entry"],"acf":{"mongo_id":"e3010aa1-46a6-4459-827f-ac17305368ce","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/796.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Breadfast closes USD 10 mn round","related_issue":[670043],"teaser":"PLUS- Elsewedy Industrial Development will develop an integrated, sustainable industrial and logistics zone in Safaga","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.64d82e39-9c24-4b1f-8c67-729a62bb5102.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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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 &quot;Startup watch&quot;","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":599370,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/breadfast-raises-seven-figure-series-a-funding-joins-y-combinator-accelerator-program\/","url_meta":{"origin":670064,"position":1},"title":"Breadfast raises seven-figure series A funding, joins Y Combinator accelerator program","author":"enterpriseam admin","date":"26 June 2019","format":false,"excerpt":"STARTUP WATCH- Breadfast raises seven-figure series A funding, joins Y Combinator accelerator program: Cairo-based bakery startup Breadfast has raised a seven-figure sum in its series A round, the company told Menabytes, without revealing the size of the investment. The funding was led by California-based VC firm 500 Startups and Egyptian\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":555378,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/11\/grocery-delivery-app-rabbit-raises-usd-11-mn-pre-seed-round\/","url_meta":{"origin":670064,"position":2},"title":"Grocery delivery app Rabbit raises USD 11 mn pre-seed round","author":"enterpriseam admin","date":"11 November 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Startup watch&quot;","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\/417.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544552,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/09\/breadfast-appoints-new-cfo\/","url_meta":{"origin":670064,"position":3},"title":"Breadfast appoints new CFO","author":"enterpriseam admin","date":"9 March 2022","format":false,"excerpt":"Breadfast has appointed Eugene Hooi (LinkedIn) as its first chief financial officer, according to a company statement (pdf). Hooi joins the local grocery delivery startup from the food investments team at US-based VC firm Prosus Ventures, before which he worked as an investment banker at Goldman Sachs.","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569877,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/breadfast-raises-seven-figure-investment-in-pre-series-b-round\/","url_meta":{"origin":670064,"position":4},"title":"Breadfast raises seven-figure investment in pre-series B round","author":"enterpriseam admin","date":"10 March 2020","format":false,"excerpt":"STARTUP WATCH- Breadfast raises seven-figure investment in pre-series B round: Cairo-based bread delivery platform Breadfast has raised a seven-figure investment in a pre-series b round from a group of investors, Menabytes reports. 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