Egypt-based Suplyd secures $1.6m in pre-seed funding

Suplyd, an Egypt-based start-up that digitises supply chain operations for the Middle East and North Africa region’s hotels, restaurants, and catering (HORECA) industries, has announced the completion of a $1.6 million pre-seed funding round.

The round was led by Endure Capital, Seedstars, Camel Ventures, Falak Startups, and other local and regional investors.

Suplyd was founded by Gohar Said, Karim Selima, and Ahmed ElMahdy to address the inefficiencies faced by the HORECA sector, which is one of the fastest-growing segments in the region’s economy.

The company’s platform streamlines the fulfilment process for supplies by creating a B2B platform that facilitates order procurement, fulfilment, and payments. In addition, the platform offers real-time analytics and actionable insights to suppliers, enabling them to minimise waste and optimise their assets.

Suplyd aims to empower the supply chain of the food and beverage sector in the region by providing intuitive digital solutions that bridge the gap between restaurant operators and suppliers.