Cario headquartered startup, Ordera, which delivers food has announced on 1st September, 2020, that it has secured a six figure seed funding amount in order to expand the team size and support its expansion plans for new cities.
The round was led by Saudi Arabia based, DAAL VC, Alexandria Angels from Egypt and AUC Angels.

Incorporated in the year 2019, by Abeer Mostafa, Karim Abdel Kader and Noha Bassiouny, the startup enables its users to make orders, pay and pick up the same and offer contactless drive-through and on the go pick up options.

The startup claims that it has witnessed a rise in the number of orders and users as well as the outlets and restaurants listed on its platform since the coronavirus pandemic outbreak and this is one of the reason they raised funding to help it continue to grow.

Founder and Chairman of Alexandria Business Angel Network, Tarek ElKady, commented, “Ordera is revolutionizing the food takeout industry. They have a great product that is much needed by customers, backed by a passionate and dedicated team. Their business continues to grow and expand rapidly and firmly, and we’re proud to have them among our portfolio companies.”

Previously in the year 2019, Ordera participated in the Saudi Arabia located Accelerator programme run by 500 Startups in partnership with Misk Innovation and its lead investor is from the kingdom, in the form of DAAL VC. Alexandria Angels and AUC Angels are also involved.

Chief Executive Officer of DAAL, Abdulrahman Alqahtani, explained, “Post-COVID-19, F&B and retail markets’ conditions changed dramatically. Innovative startups are those who see the opportunity and provide real solutions for business. This is how we valued the opportunity in Ordera. Technology, sustainable business model, and scalability potentials are the factors that drove our attention. With the right and ambitious team in place, we highly believe in the success story that we can build together.”

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