Egypt’s Food-tech Startup Breadfast Joins World’s Biggest Investment Programme
The announcement comes following a seven-figure investment in Breadfast.
Cairo-based startup Breadfast has just joined world renowned Y Combinator, after landing a seven-figure investment deal from 500 Startups and investor Mohamed El Sewedy.
Founded by Mostafa Amin, Abdallah Nofal, and Muhammad Habib, Breadfast is an online bakery store that delivers fresh baked goods each morning to customers’ doorsteps. The goods are baked daily and overnight, to ensure that customers only receive fresh produce.
“Breadfast is one of the few startups from the region that got accepted into the programme, and I hope many other startups from the MENA region to join Y Combinator in the coming years and to be globally recognised,” says Mostafa Amin, co-founder and CEO of Breadfast.
Y Combinator has previously invested in some of the world’s most successful businesses, including Dropbox, Airbnb, and Stripe. Part of the investment by Y Combinator will be leveraged to expand Breadfast’s coverage of customers to the entirety of Cairo.
