GoodsMart, an Egypt-based food delivery network, announced that it has secured $3.6 million in a round led by Sawari Ventures.
Algebra Ventures has already invested in the firm in two stages.
“The need for online grocery delivery has been geometrically increasing,” said Hany El Sonbaty, Managing Partner at Sawari Ventures. GoodsMart has successfully disrupted the market by giving consumers with a seamless new solution that will impact the future of this industry.”
GoodsMart is a mobile app that allows users in West Cairo to order groceries. It was launched in 2014.
“We started in 2014 with a vision to re-invent grocery shopping,” said Amr Fawzi, founder and CEO of GoodsMart. The emotional connection we were able to form with our clients is our greatest achievement; listening to them was and will always be the secret recipe.”
On the surface, it may appear to be similar to any other grocery delivery service, but GoodsMart’s overall customer experience and business model are vastly different.
Users get their items in a pre-installed GoodsMart box outside their homes, making it a contactless grocery delivery service.
GoodsMart places a delivery box at a user’s doorstep when they sign up for the program.
They can use the mobile app to order items as soon as the installation is complete.
All orders are delivered between the hours of midnight and 6 a.m., allowing users to find their groceries in the box when they wake up.
Customers can also utilize the recurring orders feature to receive specific products on a regular basis.
To fulfill consumer orders, the business collaborates with a variety of vendors.
It also works with real estate developers to put delivery boxes in homes throughout various residential communities, allowing customers to order groceries, medicines, and other items.
GoodsMart intends to use the new capital to expand its business and hire more employees.
Read more on Tech Gist Africa:
Taager, an Egyptian social e-commerce startup, has raised $6.4 million seed round
Elmenus, an Egyptian food discovery and ordering startup, has raised $10 million in funding