Takery for cloud hubs, the leading company in the field of Proximity-As-A-Service in Egypt, announced that it targets $3 million in financing during 2022, after the success of its first funding round. The capital will be used for the expansion of cloud branches, increasing the capacity of the team and, the technology development.
Karim Morsi, Founder, and CEO said that Takery is the first company in Egypt specialized in establishing and managing cloud hubs, Takery supports fast-food chains and fast-moving consumer goods companies to expand geographically in record time and enable them to reach their consumers within minutes.
He added that Takery, the pioneer of Proximity-As-A-Service in Egypt, provides an alternative solution for the classic way of expansion, as it enables vendors to enter new markets or increase their production capacities within the existing markets without bearing the capital expenditures related to the real estate and the operational spending related to logistics and the usual support functions, and thus helps these vendors to focus on improving the quality of their products and reaching out to new customers.
Morsi pointed out that Takery had succeeded, since its establishment, to enable international brands such as Cinnabon and Cold Stone, in addition to big national brands such as Pizza King and More-in, to enter new markets and achieve sales immediately. Takery is currently seeking to bring international and Gulf brands to the Egyptian market in addition to the brands which are owned by the company like 30Minyt and Brisk.
Ahmed Tawfik, Founder, and Chief Logistics Officer pointed out that Egypt has witnessed a remarkable shift in the consumption pattern, where E-Commerce has grown exponentially and, consumers expect a faster on-demand delivery, which is why we are working diligently to improve the level of services and come up with unusual solutions to achieve this.
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