# Appetito Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appetito-technologies

- Industry: Internet
- Headquarters: Cairo, Egypt
- Website: www.appetito.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Apr 19, 2021)
- Investors on record: 2

## About

Based in Cairo, Egypt, and founded in 2020, Appetito provides daily a wide range of high quality food and grocery products. It operates through a dark stores model, where products are sourced from manufacturers, stored in mini fulfillment centers then delivered to household customers. 

The company started with a wide range of private label products serving all areas of Cairo, Giza, and Alexandria with next day and pre-scheduled deliveries. Is best suited for growth with the digital transformation happening in Egypt where online commerce growth is skyrocketing and saw a huge leap with covid, more and more customers now are adopting online grocery shopping as their standard now. They believe that the company's model focusing on dark stores rather than aggregating from grocery, retail stores will add value and differentiation in the market and play a pivotal role in terms of operational efficiency and gross margin contribution. They look forward to supporting them with their expansion and growth plans in Egypt and beyond.

Recently, the company expanded its product portfolio to include more than 1000 SKUs from well-known consumer brands and entered the hyper convenience race by offering its customers less than 60-minute delivery in selected areas.

## Funding rounds

- Seed, Apr 19, 2021, $0.5M — LoftyInc Capital Management, Jedar Capital

## Investors

- LoftyInc Capital Management (https://capitalatlas.ai/funds/loftyinc-capital-management) — Seed
- Jedar Capital (https://capitalatlas.ai/funds/jedar-capital) — Seed