Suplyd, a startup focused on digital procurement in Egypt, has raised $2 million in a funding round led by 4DX Ventures, Camel Ventures, and Plus VC.
Funding and Its Goals
Suplyd, founded in 2022, has secured $2 million in a pre-Series A round to develop new products and expand its presence across Egypt’s restaurant ecosystem.
History and Development of Suplyd
Suplyd was founded by Gohar Said, Karim Selima, and Ahmed ElMahdy, providing procurement solutions for small and medium restaurants. The startup has grown 20 times, currently serving over 5,000 restaurants.
Impact on the HORECA Industry
According to CEO Gohar Said, Suplyd has become a crucial part of Egypt's restaurant ecosystem, helping restaurants minimize costs and waste while improving supply predictability.
The recent funding will enable Suplyd to continue its mission to enhance the infrastructure for restaurant operations and expand into new areas across Egypt.
