Egypt’s RoadRunner raises six-figure seed to offer on-demand delivery solutions to restaurants and other businesses

SourceMENAbytes
SectorEconomy
CountryEgypt

Cairo-based logistics startup RoadRunner has raised six-figure seed investment, it told MENAbytes today without disclosing the exact size of investment. It said that the investment came from a strategic individual investor who doesn’t want to be named at this point. Founded in 2019 by Khaled Taha and Ahmed Radi, both of whom were previously working with Delivery Hero brands in Egypt, RoadRunner offers quick on-demand delivery solutions to restaurants and other businesses in Cairo, Tanta, and Mansoura. The model of RoadRunner is different from conventional food delivery players who partner with restaurants to help them receive orders and deliver it on their behalf for a cut between 25 to 35 percent (of the order value). It acts as an on-demand delivery partner for restaurants and other businesses that don’t want to pay the ...read more...