Mumm raises investment for ongoing pre-Series A
Source: MENAbytes
Cairo-based foodtech startup Mumm has raised an undisclosed amount of investment from Alex Angels, the startup announced in a statement today to MENAbytes. The investment is part of an on-going pre-Series A round.
Through the service, the startup partners with companies to offer ‘nutritious meals’ at discounted rates to its employees. Once a company partners with Mumm, its employees can subscribe to receive food on the working days. They have the option to either pick the meals they’d like to receive for the entire month in advance or choose on a daily basis every morning.
Waleed Abd El Rahman, founder and CEO of Mumm, said, “The market today needs businesses to be agile more than ever. Given the distributed network of kitchens we have built through the past years, today, we are well situated to grasp the opportunity of increased demand on food delivery whether to consumers today or to offices when teams are back to their work premises in a more optimised capacity. We appreciate the trust given to us by our investors in such unique times.”
