Egyptian startup Rabbit, an on-demand delivery company delivering groceries, cosmetics, electronics and more using dark stores, has raised a US$11 million pre-seed funding round. “We are building a business with speed as a core part of the DNA, which is evident in how we operate and work. “The Rabbit team is setting a totally new standard for the grocery industry in Egypt and the broader region. They offer a totally new experience to customers compared to traditional grocers and local stores,” said Lorenzo Franzi, investor at Global Founders Capital. “We have been following their progress since the very beginning and are very excited to be supporting their journey.”

Source: The North Africa Journal November 12, 2021 12:16 UTC