Egyptian q-commerce platform Appetito bags Lamma for over $10M

Appetito, the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma, an identical startup with operations in the Maghreb regions of Tunisia and Morocco. 
The deal is expected to close by the end of Q3 2022.
Appetito didn’t disclose the size of the deal in its statement, and neither did CEO Shehab Mokhtar when quizzed about it via email. But sources familiar with the matter said the deal size was between $10 million to $15 million. Mokhtar declined to comment on the speculated price.

リンク元