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Grocery Delivery App, Rabbit, Aims to Accelerate Delivery Services

December 10, 2021 | 2 minutes read

Rabbit, a 20-mint grocery delivery app has raised $11 million in the largest pre-seed funding round of Africa and the Middle East.

Rabbit, a Cairo-based, startup ensures delivery of grocery items within 20 minutes. The startup claims to be the future of the retailers. With the idea of amazingly fast delivery services, the startup has raised $11 million in the pre-seed funding round. It was the largest ever pre-seed funding round in Africa and the Middle East.

There are other delivery companies as well in the market which involve Talabat and Breadfast. These companies are also providing quick delivery services for months. But, Rabbit is the first significant player that has moved on and is building its business around its services.

The investment of $11 million came from Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Capital, and Goodwater Capital.

Ahmad Yousry, Walid Shabana, Ismail Hafez, and Tarek El Geresy, founded the startup earlier this year. To ensure the delivery of items within 20 minutes, the company is building its own dark stores which are empowered with tech. These tech-enabled dark stores will be very crucial to offer groceries and more through its mobile app in 20 minutes. However, there is no doubt that the express grocery delivery trend is booming these days and its market size is growing at a significant speed.

Ismail, Yousry, Tarek and Walid

Ismail, Yousry, Tarek, and Walid (Credits: Rabbit)

The startup has been a tremendous success since its inception. It was founded in October 2021. And as per the company reports, it took only 130 days from the idea to the first order. The company is currently operational in four locations in Cairo. However, it is planning to expand its scope and presence in the country very soon. With this, the company is also planning to process hundreds of thousands of orders per month in the next 12 months.

The demands of the users are evolving with every moment. This takes the demand for on-demand services to the next level. It has eventually burgeoned the development of on-demand applications. As the startup believes, today companies are not in competition with each other but in a competition with time.