Egypt’s Suplyd raises $1.6M to digitize restaurants supply chain

Suplyd, a procurement platform for hotels, restaurants and catering (HoReCa) businesses in Egypt, has raised $1.6 million pre-seed funding from Endure Capital, Seedstars, Camel Ventures, Falak Startups, Outlierz, Plus Ventures, Fort, Alex Angels and a number of other strategic and angel investors.

Founded in January this year, Suplyd’s B2B platform brings efficiency in the supply chain operations for businesses in the food service industry by allowing digital order procurement, payment and fulfillment.

Through its platform, restaurants get access to a wide range of products on demand, saving them man hours wasted in sourcing for goods offline. It also ensures that the businesses acquire the goods at competitive prices.

Suplyd plans to use the new funding to scale its technology and expand within and beyond Cairo, and to explore other growth opportunities in the Middle East and North Africa (MENA) region in the near future.