MENAbytes

Pipe raised USD 150 million in a round earlier this year at a valuation of USD 2 billion.

The Cairo-born startup has raised over USD 100 million to date and aims to grow its annual gross revenue to USD 1 billion by 2025.

The startup works with different suppliers, giving users the option to order groceries, medicines, and other products.

In addition to launching its fintech offerings, Dastgyr plans to use the investment to enhance its technology and scale operations.

The startup’s food ordering business has grown over 400% year-over-year compared to 2020 and has also achieved gross profitability.

Patients, doctors, and pharmacies can all use Yodawy to simplify the prescription medication process, essentially allowing medicines to be prescribed online.

Its latest offering, Nejree Closet, enables customers to try on products in their homes before they committing to purchases.

Since its launch, the startup has helped over 55,000 retailers in Egypt, fulfilling more than 1 million orders and creating 1,600 direct jobs in the process.