Breadfast raises $50 million pre-Series C round led by Mubadala Investment Company

Founded in Cairo, Breadfast started as a fresh bread delivery service. Over time, it has grown into a full e-commerce platform.

Today, the company sells groceries, medicines, payment services, private-label products, and even runs branded coffee shops. It manages a large part of its own supply chain, which helps improve profits and efficiency.

This new funding comes as Breadfast prepares to raise a larger Series C round in the first half of 2026.

The company will use the money to expand its infrastructure, improve its delivery and logistics systems, and explore expansion into new African markets.

Private-label products make up about 40% of Breadfast’s grocery sales. This helps the company control pricing and increase profits. Breadfast aims to capture up to 3% of Egypt’s $100 billion grocery market within the next three years.

In August 2025, Breadfast was reportedly valued at nearly $400 million. The company expects its valuation to rise further after this latest funding round, as it moves closer to a possible global IPO.

Breadfast wants to become one of Africa’s leading commerce platforms. It is often compared to Mercado Libre in Latin America and Kaspi in Kazakhstan.

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