Food service, Retail, E-commerce
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E-commerce startup Teegara closes pre-Seed funding round led by the Alexandria Angels Network
EGYPT – Teegara.com, the Cairo-based e-commerce startup successfully closes a five-figure pre-Seed follow-on funding round led by the Alexandria Angels Network, as well as angel…
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Wendy’s opens ghost kitchens to meet growing demand as Deliveroo doubles orders value
UK – American international fast-food chain Wendy’s has announced plans to open 700 delivery-only kitchens by 2025 to meet the growing demand from people who…
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Meal-kit firm HelloFresh eyes Japanese, Italian markets as Deliveroo heats up food delivery competition in Germany
GERMANY – HelloFresh, a German multinational meal kit company, is planning to enter Japan and Italy by the end of the year, as it looks…
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Zomato’s quarterly losses widen despite 22% jump in operational revenue
INDIA – Indian multination food delivery company Zomato has seen its net losses jump 168% from the previous quarter to Rs 360 crore (US$48m) despite the…
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French retailer Carrefour to sell Taiwanese business valued at US$1.19B
CHINA – French retailer Carrefour is planning to launch a sale of its Taiwan business, which is valued at around 1.6 billion euros (US$1.9 billion) in the…