Egypt-based software-as-a-service (SaaS) startup Zeew, has raised a six-figure investment seed round from Estonia-based angel investors.
Zeew offers restaurants of all sizes with a freemium-model online ordering system. The company started out in 2017 as a last-mile delivery company servicing SMEs like flower shops, cosmetics shops, book stores and then ventured into food delivery in 2018. In 2020, the startup pivoted to become a software provider in the food and beverages (F&B) sector.
The app is currently used in over 64 countries as of today.
“The pandemic has changed consumer behaviour and removed the barrier to using technology in getting day-to-day essentials, we see growth in grocery, pharmacy as well as food delivery. Now it became the new norm to order everything from an app,” said Mohamed Ghaith, founder of Zeew
The startup plans to use the investment to grow its team and scale its marketing efforts, introduce more features, and customise its product offering to fit each market’s needs.