# GoodsMart

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/goodsmart

- Industry: Consumer Products
- Headquarters: Cairo, Egypt
- Website: www.goodsmartegypt.com
- Total disclosed funding: $4.3M
- Latest round: Series B (Jul 27, 2021)
- Investors on record: 2

## About

GoodsMart is an online grocery and household shopping platform, aimed at providing customers with a convenient and efficient shopping experience through a mobile application and home delivery service.Founded in 2013 in Cairo, Egypt, GoodsMart operates as an online grocery service that allows consumers to order products via a mobile app. The company was co-founded by Ahmed Sudan, Amr Fawzi, Rami Nassar, and Tarek Fawzi, with Amr Fawzi serving as the CEO. Over the years, GoodsMart has completed 3 funding deals, with the latest being a Series B round in July 2021, raising USD 3.6 mn from Sawari Ventures, which has contributed to the company's growth.GoodsMart Egypt offers a comprehensive online grocery and household shopping platform that provides a seamless shopping experience. Customers can use the mobile application to order a variety of products, including groceries and household items, available until midnight. After registering and installing a GoodsMart Box at their residence, customers receive their orders the next day in a secure, contactless manner, mainly targeting busy professionals and families in urban areas of Egypt.GoodsMart operates on a subscription-based revenue model with two packages: a one-month subscription priced at 250 EGP and an annual plan for 2250 EGP. The app allows customers to place orders without delivery fees or minimum purchase requirements, enhancing its service appeal. Transactions are processed through the app, emphasizing fresh and convenient delivery, while the absence of delivery fees positions GoodsMart competitively in the market, promoting customer loyalty through subscription offerings.Following the Series B funding round in July 2021, where GoodsMart raised USD 3.6 mn, the company intends to utilize these funds to expand its workforce and accelerate growth across the market. GoodsMart plans to introduce new products and enhance its service offerings, focusing on increasing its presence in the Egyptian market.

## Funding rounds

- Series B, Jul 27, 2021, $3.6M — Sawari Ventures
- Series A, Feb 18, 2019 — Algebra Ventures
- Series A, Apr 1, 2017, $0.8M — Algebra Ventures

## Investors

- Algebra Ventures (https://capitalatlas.ai/funds/algebra-ventures) — Series A
- Sawari Ventures (https://capitalatlas.ai/funds/sawari-ventures) — Series B