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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.

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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.


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