What is The Platform?
The Platform operates as a comprehensive online food discovery and ordering service, connecting users with a vast network of restaurants. The service facilitates both dine-out experiences and food delivery, offering a user-friendly interface that allows customers to browse menus based on diverse criteria such as mood, cuisine type, specific location, or individual dishes. This digital solution streamlines the ordering process, provides real-time delivery tracking, and eliminates the need for traditional phone-based reservations or orders, thereby enhancing customer convenience and operational efficiency across multiple cities.
How much funding has The Platform raised?
The Platform has raised a total of $19.5M across 3 funding rounds:
Series A
$1.5M
Series B
$8M
Other Financing Round
$10M
Series A (2017): $1.5M with participation from Algebra Ventures
Series B (2020): $8M led by Tarek Sakr, Global Ventures, Algebra Ventures, and Hamad Al Homizi
Other Financing Round (2021): $10M supported by Fawry, Luxor Capital Group, and MARAKEZ
Key Investors in The Platform
Algebra Ventures
Algebra Ventures is a tech-focused venture capital firm based in Egypt, dedicated to partnering with bold and resilient founders to build transformative companies across Africa. With over $825 million invested in more than 35 portfolio companies, Algebra Ventures provides not just capital but also strategic guidance, talent development, and access to co-investors.
Global Ventures
Global Ventures is an investment firm focused on backing transformative companies. While specific details on their investment thesis are not provided, their participation suggests a strategic interest in scalable business models and high-growth markets.
Fawry
Fawry, founded in 2008 and headquartered in Cairo, Egypt, is the Leading Egyptian Digital Transformation & E-Payments Platform, offering financial services to consumers and businesses through more different locations and a variety of channels.
What's next for The Platform?
The recent major strategic investment into The Platform signals a pivotal phase of expansion and market consolidation. This capital infusion is expected to fuel further technological advancements, enhance user experience, and broaden the company's operational footprint. Strategic partnerships and potential market expansions are likely next steps, leveraging the company's established infrastructure and growing customer base to solidify its position as a leader in the online food service industry.
See full The Platform company page
