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GoodsMart secures $3.6M funding in latest funding

GoodsMart secures $3.6M funding in latest funding

ArabFinance: GoodsMart, an online grocery shopping service, has raised additional funding of $3.6 million, according to the company’s recent press release.

The latest funding was led by Sawari Ventures.

The company will use the proceeds to grow its presence across the local market with a view to expanding its services to East Cairo in the coming months.

GoodsMart is now covering West Cairo and will be expanding in a couple of months to East Cairo having successfully closed various deals with different suppliers and real estate developers.

“The demand for online grocery delivery has been exponentially increasing,” Hany El Sonbaty, Managing Partner at Sawari Ventures, said.

“GoodsMart has managed to disrupt the market by providing a seamless innovative solution for consumers that will shape the future for this sector,” El Sonbaty concluded.

Established in 2014, GoodsMart is a grocery shopping application that enables households to sign up and receive groceries on a regular basis, delivered in a pre-installed box at their doorstep.

Over 100 suppliers have been added, a marketplace section was launched, in addition to multiple additional features such as the option of recurring orders, and the ability to add multiple user accounts per household.

 

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