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MaxAB raises $40m in Series B funding

Egypt based B2B food and grocery delivery startup with a bill aggregation product raised $40m in Series B funding led by ADQ, British International Investment and Silver Lake.

“We’re trying to offer more services to the grocery stores since they are the foundation of the economy we operate in before jumping into these other supply chains. Think about Amazon; they kept selling books for eight years before adding another category. And that’s the school of thought we like to go with."

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mena, b2b