Grocery Platform Breadfast Raises $50M in Pre-Series C Led By Mubadala

Egypt-based grocery delivery startup Breadfast has raised $50 million in a pre-Series C funding round led by Mubadala Investment Company, bringing together a group of Gulf and international investors around the Cairo-founded platform.

The round included participation from Saudi Arabia’s Olayan Financing Company, Japan’s SBI Investment Co., the International Finance Corporation and other venture and institutional investors. In a separate statement, the International Finance Corporation confirmed its investment in the company as part of the latest financing.

Founded in 2017, Breadfast operates a vertically integrated platform that provides grocery delivery alongside pharmaceuticals and payment services across Egypt. The company positions itself as a consumer-focused ecosystem, combining logistics, retail and fintech services under one operational model.

The investor mix reflects continued cross-border interest in Egypt’s consumer and commerce sectors, with capital flowing from the Gulf, Asia and international development finance institutions into a locally founded technology business.