Bonbell Raises $350k Funding Round
The Egyptian startup offers a wide range of food ordering services, from food delivery to restaurant reservations and dine-in ordering through a QR code. The app offers various payment solutions through cash or credit cards and already has 12,000 customers.
Bonbell said it has closed an initial funding round worth US$350,000 to help further develop its services and grow its user base.
The US$350,000 funding round came from a Canadian angel investor, and Bonbell now hopes to have 750 partner restaurants by the end of 2022. It is also negotiating with two venture capital funds to close a US$10 million seed round by the end of the year.
Doaa Abdel-Hameed, Bonbell’s chief business officer said: “We aim to help restaurants in offering an easier food ordering experience to their customers, either through food delivery or reserving a table in the restaurant, as well as take away orders and also the special orders made by customers in their restaurants.”
“We pursue a better experience for the Egyptian user in food ordering, we see a lot of potential and opportunities to do that through developing the app constantly based on the user reviews, and adding more restaurants in all of the Egyptian governorates,” Abdel-Hameed added.