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In Brief: Egyptian FoodTech Startup, Yumamia Secures US$1.5M in Pre-series A Investment

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In Brief: Egyptian FoodTech Startup, Yumamia Secures US$1.5M in Pre-series A Investment

Yumamia, an Egyptian FoodTech startup has raised US$1.5 million in a Pre-series A investment round led by Pure Consulting, a leading Saudi boutique consulting firm. 

The financing will be used to fund Yumamia’s expansion in Saudia as well as accelerate growth in Egypt takes the company’s total investment raised to date at US$2.8 million.

“Pure Consulting is a very strong strategic partner that will help Yumamia penetrate the Saudi market,” said Belal El Borno, CEO of Yumamia.

Read: Dutch-African MedTech Firm CarePay International Raises US$45M Series A Financing

Founded in 2014 by Belal El Borno, Yumamia is a food/tech startup that offers corporates & busy professionals a premium food delivery service through on-demand & subscription-based plans offering high quality, delicious & clean food that is more affordable & convenient than fast food.

It helps existing F&B establishments to monetize their resources by outsourcing food preparation operations, helping them increase revenues and profits through a franchise model.

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