Breadfast, a leading Egyptian online grocery delivery platform, has secured $10 million in Series B2 funding from the European Bank for Reconstruction and Development (EBRD) and Novastar Ventures. This investment boosts Breadfast’s valuation to $382–400 million and will fuel the expansion of its fulfillment network and entry into new markets.

• Breadfast handles nearly 1 million orders per month for over 300,000 active users, with revenues exceeding $150 million in 2024.
• The funding aims to accelerate the extension of Breadfast’s fulfillment network, increasing capacity in core cities such as Cairo, Giza, Alexandria, and Mansoura, and expanding into new markets.
• Breadfast operates a vertically integrated model, managing its operations from quality control in baking to last-mile delivery, contributing to rapid and reliable service, and is also developing as a fintech player with its Breadfast Pay offering.