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Egypt hits 19 startup deals in July worth $70M: Wamda

Egypt’s start-up investment value last month reached $70.7 million, making it the 2nd in the MENA region behind the UAE

Egyptian mail-like grocery delivery platform GoodsMart secures $3.6M

GoodsMart's distinctiveness is in its contactless delivery where deliveries are received in pre-installed GoodsMart boxes outside users’ homes, which is sealed with a key

Egyptian F&B startup elmenus raises $10M in latest funding round

The new round makes elmenus’ total capital to date at $20 million. Luxor Capital’s investment also marks its first-ever investment in MENA

B2B food and grocery delivery startup, Maxab, raises $40M in latest round

Connecting informal food and small grocery retailers with suppliers through an easy-to-use app to order inventory, Maxab facilitates the supply process by reducing the need to deal with multiple suppliers

New 14% VAT for online deliveries already in action: FinMin

The new tax came into force last Thursday on June 3rd