Quick commerce

Startups

Egypt's Breadfast raises $50M pre-Series C backed by Mubadala, Saudi's Olayan family, Y Combinator, and IFC

Feb 16, 2026

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3 min read

Egypt's Breadfast raises $50M pre-Series C backed by Mubadala, Saudi's Olayan family, Y Combinator, and IFC

Founded nine years ago as a fresh bread delivery service in Cairo, Breadfast was valued at approximately $382 million as of mid-2025 and plans to follow this round with a larger Series C in the first half of 2026.

Jamie Lane

Results

Talabat H1 revenue up 35% to $982m as GMV climbs 32% to $2.4bn

Aug 14, 2025

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3 min read

Talabat H1 revenue up 35% to $982m as GMV climbs 32% to $2.4bn

Performance was driven by demand across both Food and Grocery & Retail, reflecting accelerated customer acquisition and higher order frequency.

Jamie Lane

Food Delivery

What led to Ebrahim Al-Jassim’s exit from HungerStation in 2019

Jul 4, 2025

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4 min read

What led to Ebrahim Al-Jassim’s exit from HungerStation in 2019

A detailed look at HungerStation’s 2019 leadership transition, the legal dispute between Delivery Hero and Ebrahim Al-Jassim, and the rise of Ninja as one of Saudi Arabia’s first q-commerce unicorns.

Jamie Lane

Startups

Ninja becomes Saudi Arabia’s latest tech unicorn with $250M raise ahead of 2027 IPO

Jul 1, 2025

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2 min read

Ninja becomes Saudi Arabia’s latest tech unicorn with $250M raise ahead of 2027 IPO

Founded by HungerStation’s Ebrahim Al-Jassim, the quick commerce startup is now valued at $1.5B after a round led by Riyad Capital, joining Foodics, Tamara, and Tabby among the Kingdom’s top valued tech companies.

Jamie Lane