Tayary secures Pre-Seed funding from Egyptian angel investment networks

Tayary, an online logistics and delivery platform, has secured a Pre-Seed funding round from AUC Angels, Alex Angels, and The Cairo Angels.

Discover all Delivery & Logistics startups headquartered in Egypt on MAGNiTT

Launched in 2017, Tayary is a multifaceted online platform that facilitates order delivery through both B2B and B2C models. The Alexandria-based startup has developed its own order-tracking feature in-house, allowing businesses and individuals to send and receive deliveries in an affordable and efficient manner. Their current services include: online food ordering, B2B delivery services, grocery, and pharmacy shopping. During the lockdown initiated in Q2 of 2020, the startup responded by launching an additional on-demand courier service, Tayary Go, to help clients run errands while staying safe.

Amr Abdelfattah, CEO of Tayary commented on the round, “At Tayary, we work hard to maintain a solid user experience. Along with our Vendor Partners, we ensure that a wide variety of restaurant choices are available to our users, We continue to strive to provide more delivery solutions to a wider range of user base, both to B2B and B2C.2020 Saudi Arabia Venture Capital Report

"In 2019, we released our vendor on-demand delivery app, which enables restaurants to access riders in their range and deliver their own orders, we serve a wide range of business starting from multinationals like McDonald’s, Pizza Hut, and Hardee’s to single local restaurants.”

The raised funding will be deployed towards expanding geographically, growing the team, and launching extensive marketing efforts in order to increase the clients they serve over the next year.

This is not the first syndicated investment bringing together the three angel investment networks. Earlier this year, The Cairo Angels, Alex Angels, and AUC Angels announced investing in ElGameya, a Fintech mobile application that manages ROSCA cycles.

Are you a startup looking for investment? Apply for funding to 110+ investors now