Suplyd raises $2mln to further enhance restaurants supply chain beyond distribution
Cairo, Egypt - Suplyd, the Cairo-based digital procurement platform for restaurants, announced the successful raise of $2 million in a pre-Series A funding round. The investment was led by 4DX Ventures, Camel Ventures, and Plus VC, with participation from Seedstars and existing investors. This round will support the company's mission to build a comprehensive infrastructure for restaurant operations and expand into untapped areas across Egypt.
Founded in 2022, Suplyd provides procurement solutions for small and medium-sized restaurants, addressing long-standing inefficiencies in Egypt's $10 billion HORECA supply chain. By directly connecting restaurants with suppliers and streamlining procurement workflows, Suplyd is tackling the challenges of supply chain fragmentation, unreliable deliveries, and a lack of transparency.
Since its $1.6 million pre-seed round in 2022, Suplyd has grown nearly 20x in terms of restaurants served and the value of goods delivered. Today, the company serves over 5,000 restaurant customers and continues to roll out new operational tools and services aimed at simplifying backend operations for restaurant owners.
'Over the past four years, we've built Suplyd into a critical part of Egypt's restaurant ecosystem. That progress comes with greater responsibility, and even greater ambition. What started as a bold idea is now powering thousands of restaurants every day. We've faced challenges, adapted to change, and earned the trust of our customers, partners, and investors. We didn't just witness the industry's digital transformation. We helped lead it. And we're just getting started. There's so much more to build, and we're here for the long haul,' said Gohar Said, Founder and CEO of Suplyd.
Suplyd will use the new capital to enhance its platform beyond procurement, accelerate the development of new service verticals, and expand its reach within Egypt. With one of the highest tech adoption rates among B2B supply chain players in the region, the company is well-positioned to unlock new efficiencies with minimal friction.
'At 4DX Ventures, we're proud to have been one of the earliest backers of Suplyd, a company tackling the massive inefficiencies in Egypt's $10B+ HORECA supply chain,' said Peter Orth, Partner at 4DX Ventures. 'Suplyd's digital procurement platform serves the long tail of restaurants that are often overlooked. Their early traction, strong supplier relationships, and diversified revenue streams reinforced our conviction. Powered by sector veterans, we believe Suplyd is well-positioned to become a category-defining player within the region.'
Commenting on the fundraising announcement, Hasan Haider, Founder and Managing Partner at Plus VC said: 'Suplyd has become a key enabler in the digital transformation of Egypt's F&B sector, turning a once fragmented procurement process into a streamlined, tech-driven solution. Their strong traction over the past four years reflects the team's deep market insight and operational excellence. As early supporters, we have seen firsthand how Suplyd has established itself as a pioneer fostering meaningful change in the F&B space. At +VC, we are committed to backing visionary founders across MENA who are building scalable infrastructure for the future. We are excited to continue supporting Gohar and the team as they push boundaries, scale their impact, and drive innovation across the region.'
Suplyd offers a reliable, end-to-end digital solution that simplifies restaurant supply procurement. By replacing fragmented daily orders with a single, streamlined platform, operators gain access to hundreds of quality products, real-time analytics, and valuable procurement insights. With a fully digital trail, Suplyd helps reduce waste, cut costs, and improve supply chain predictability—making it the go-to one-stop shop for F&B operators across Egypt.
About Suplyd
Suplyd is a Cairo-based digital platform founded in 2021 that builds infrastructure for restaurant operations, starting with procurement. The platform acts as one stop shop for restaurants supplies, helping to manage day-to-day inventory needs with greater speed, visibility, and reliability.
Learn more at https://www.suplyd.app/.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
7 hours ago
- The National
US states and cities boycotting Israel won't receive disaster funds, Trump administration says
US President Donald Trump 's administration has said states and cities will not receive funding to prepare for natural disasters if they choose to boycott Israeli companies. States must certify that they will not cut commercial relations with Israeli companies to receive the money from the Federal Emergency Management Agency, Reuters reported, quoting grant notices posted last week. The condition applies to at least $1.9 billion on which states rely for search and rescue equipment, emergency manager salaries and back-up power systems, among other expenses. 'DHS [Department of Homeland Security] will enforce all anti-discrimination laws and policies, including as it relates to the BDS [Boycott, Divestment and Sanctions] movement, which is expressly grounded in anti-Semitism," a DHS representative said in a statement to The National. They were referring to a campaign designed to put economic pressure on Israel to end the occupation of the Palestinian territories. "Those who engage in racial discrimination should not receive a single dollar of federal funding.' More than 30 states already have anti-BDS laws or policies, according to Newsweek. Fema will require major cities to agree to the Israel policy to receive a cut of $553.5 million set aside to prevent terrorism in dense areas. New York City is due to receive $92.2 million from the programme, more than all other recipients. It is the latest example of the Trump administration making use of routine federal funding to advance its political message at the state level. Fema said in July that states will be required to spend part of their federal terrorism prevention funds on helping the government to arrest migrants, which is an administration priority. Mr Trump has said that Fema should be eliminated, and that states should take on more responsibility for responding to and preparing for disasters including extreme weather.
Khaleej Times
10 hours ago
- Khaleej Times
Fertiglobe's revenue grows 14% to $566m in the second quarter
Fertiglobe, the world's largest seaborne exporter of urea and ammonia combined and the largest nitrogen fertiliser producer in the Middle East and North Africa region and Adnoc's low carbon ammonia platform, on Monday announced a revenue of $566 million, reflecting a 14 per cent year-on-year increase in the second quarter. Adjusted Ebitda grew 26 per cent to $176 million, with adjusted net profit attributable to shareholders stood at $12 million, representing a 68 per cent increase compared to Q2 2024. In the first half of 2025, Fertiglobe reported revenue of $1.26 billion, reflecting a 20 per cent increase year-on-year increase. Adjusted Ebitda for the period stood at $437 million, up 36 per cent year-on-year, while adjusted net profit attributable to shareholders stood at $85 million, representing an 18 per cent decline compared to the prior year, driven by a one-off forex gain in H1 2024. Ahmed El-Hoshy, CEO of Fertiglobe, commented: 'This quarter demonstrated Fertiglobe's growing operational resilience, with an adjusted Ebitda increase of 26 per cent Y-o-Y. Fertiglobe remains strategically placed to deliver robust performance and maintain operational continuity amid challenging conditions. We capitalised on the downtime in Egypt to perform critical maintenance activities, successfully extending the turnaround cycle, with maintenance capex expected towards the lower end of our previous guidance at $145 million. Notably, excluding external factors and turnarounds, our own-produced sales volumes for the second quarter of 2025 would have been up 4 per cent Y-o-Y, while H1 2025 own-produced sales volumes would have increased 7 per cent Y-o-Y. With the continued support of Adnoc, we remain confident in our strategic path to become a globally integrated nitrogen champion and creating long-term value for shareholders, while continuing to innovate and differentiate our solutions that support global food security and enable the energy transition.' The company proposed H1 2025 dividends of at least $100 million (4.4 fils per share), subject to board approval in September with payment in October. Including the $31 million worth of shares bought back in Q2 2025, Fertiglobe provides one of the highest total return metrics in the industry at the combined $131 million cash returns to shareholders for H1 2025. Additionally, Fertiglobe continues to execute on its announced 2.5 per cent share buyback programme, aimed at opportunistically capitalising on the stock's attractive valuation. As of 1 August 2025, Fertiglobe repurchased 55 million shares, representing 0.66 per cent of total outstanding shares. While Fertiglobe remains dedicated to advancing its low-carbon project portfolio, the Company recognises that the global low-carbon ammonia market remains in the early stages of development, with regulatory frameworks and demand signals continuing to evolve. As such, and in line with Fertiglobe's disciplined approach to capital deployment across its low-carbon ammonia project pipeline, Fertiglobe has taken the decision to rephase Project Rabdan1F, a 1 mtpa low-carbon ammonia project and associated auto-thermal reformer. This decision reflects the Company's prudent investment strategy and commitment to timing capital allocation effectively and is consistent with the broader objectives of the Grow 2030 Strategy, particularly its focus on disciplined low-carbon growth. In addition, Fertiglobe expects its recently announced proposed acquisition of the distribution assets of Wengfu Australia to play a key role in strengthening its downstream presence in high-netback markets, in line with its strategic focus on customer proximity. Wengfu Australia's distribution assets are also projected to enhance supply chain resilience and unlock long-term distribution synergies. The transaction is subject to regulatory approvals and is anticipated to close in H2 2025. As of 30 June 2025, Fertiglobe reported a net debt position of $909 million, implying a consolidated net debt to LTM adjusted Ebitda ratio of 1.0x. This strong financial position enables the Company to effectively balance growth investments and shareholder distributions, supported by robust free cash flow generation and a solid balance sheet. Fertiglobe is also set to realise $10 million of annual run rate interest savings in 2025, following credit rating upgrades by S&P, Fitch, and Moody's and driven by Adnoc's acquisition of a majority stake in Fertiglobe. These savings are further underpinned by the refinancing of our $300 million loan through the internal Adnoc bank and the recent repricing of a $1.1 billion term loan, supporting lower financing costs and contributing to earnings accretion in the quarter
Zawya
11 hours ago
- Zawya
Africa's Gas Sector Gains Momentum through International Partnerships
As the global energy landscape shifts toward cleaner fuel sources, natural gas is taking center stage in Africa's energy transition, with international collaboration playing a key role in unlocking the continent's vast gas potential. Africa holds approximately 6% of the world's natural gas reserves and is expected to contribute significantly to the global LNG supply by 2030, particularly through projects in Mozambique, Nigeria, Senegal and Mauritania. With global LNG demand forecast to rise at a CAGR of 1.5% through 2030, Africa is strategically positioned to meet this demand – especially from markets in Europe and Asia. Signaling renewed investor confidence in the continent's upstream natural gas potential, Austrian energy company OMV recently resumed exploration activities in Libya's Sirte Basin. In partnership with Libya's National Oil Corporation, OMV recently spudded the ESSAR well in Block C103 and is advancing an infrastructure-led campaign focused on unlocking reserves near existing production facilities. OMV will participate in this year's African Energy Week (AEW): Invest in African Energies 2025 conference – taking place from September 29 to October 3 in Cape Town –, where the company's Executive Vice President Berislav Gašo will join NJ Ayuk, Executive Chairman of the African Energy Chamber, in a fireside chat to explore partnership models, cross-border collaboration and strategies for enhancing investment and technical capacity across Africa. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. With major developments underway across Libya, Algeria, Egypt and Morocco, North Africa is rapidly advancing as a natural gas powerhouse in the continent. Libya is ramping up gas production through projects like Structures A&E and Bouri Gas Utilization while Algeria targets a production rate of 200 billion cubic meters annually by 2027. Egypt is boosting output with a new licensing round and continued development of the Zohr field, while Morocco progresses with the Nigeria-Morocco Gas Pipeline to enhance regional supply. Meanwhile, in the international space, Saudi Arabia's growing engagement with Africa's gas sector is emerging as a central pillar of its broader energy diplomacy strategy, with the country strengthening bilateral and multilateral partnerships to unlock gas potential across the continent. As part of this push, Saudi Arabia has prioritized infrastructure development, upstream participation and downstream collaboration, positioning itself as a long-term partner in Africa's energy future. Saudi Arabia's state-owned Saudi Aramco is playing a key role in advancing Saudi-Africa gas cooperation, expanding its technical collaboration with African national oil companies to support gas monetization, exploration and production. The country has also integrated natural gas into its broader financial and development strategy for Africa, with a $41 billion funding package for sub-Saharan Africa set to promote gas-related projects as part of a wider drive to expand energy access and industrial capacity. 'International engagement in Africa's natural gas sector is fast-becoming a game-changer for the continent. By investing in infrastructure, exploration and production, regional and international players are strengthening Africa's position in the global energy market. This kind of strategic partnership is exactly what the continent needs to full monetize its natural gas potential,' states Ayuk. Distributed by APO Group on behalf of African Energy Chamber.
