Egyptian logistics startup raises pre-seed funding from syndicate of angel groups

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Egyptian startup Tayary, an online logistics and delivery platform, has secured pre-seed  investment from AUC Angels, Alex Angels, and Cairo Angels.

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. 

The startup’s current services include online food ordering, B2B delivery services, and grocery and pharmacy deliveries. During the lockdown initiated in Q2 of 2020, Tayary also launched an additional on-demand courier service, Tayary Go, to help clients run errands while staying safe. 

“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,” said Amr Abdelfattah, chief executive officer (CEO) of the company. 

“We continue to strive to provide more delivery solutions to a wider range of user base, both to B2B and B2C. 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 pre-seed 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. Last year, Cairo Angels, Alex Angels, and AUC Angels invested in ElGameya, a fintech mobile application that manages ROSCA cycles.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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