Food service, Retail, E-commerce
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E-commerce platform ExpandCart raises US$2m Pre-Series B to expand current market base
MENA – ExpandCart, leading e-commerce platform headquartered in Egypt, has raised US$2.7 million in a Pre-Series B bridge deal headed by Hong Kong’s Betatron Venture…
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Middle East largest retailer Lulu Group to set up US$53m food park in India
INDIA – UAE-based multinational conglomerate company that operates a chain of hypermarkets and retail companies Lulu Group has announced plans to set up a US$53m…
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Spar’s group sales up 5.8% despite underwhelming performance in South Africa grocery business
SOUTH AFRICA – South African grocer Spar Group saw robust trading for the 18 weeks to January 29, 2022, boosted by the lifting of liquor…
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Egyptian dark store operator, on-demand delivery startup YFS closes US$7m Series A funding round
EGYPT – Another win for hyper-localized on-demand delivery startups in Egypt as Yalla Fel Sekka (YFS), has successfully raised US$7m in its latest funding round.…
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Tuskys to lose largest asset yet through public auction over US$5.7m debt
KENYA – Ailing retailer Tuskys is facing a new auction at one of its remnant branches inside Nairobi’s Central Business District (CBD), over a Ksh650…