About Good Smart
Good Smart is a company based in Cairo (Egypt) founded in 2014. Good Smart has raised $4.35 million across 3 funding rounds from investors including Sawari Ventures and Algebra Ventures. Good Smart operates in a competitive market with competitors including Glovo, Breadfast, Appetito, Tawfeer Market and 1Trolley, among others.
- Headquarter Cairo, Egypt
- SectorsRetail
- Website goodsmartegypt.com
- Social LinkedIn Facebook
- Total Equity Funding$4.35M (USD)
in 3 rounds
- Latest Funding Round$3.6M (USD), Series B
Jul 2021
- InvestorsSawari Ventures
& 1 more
Funding Insights of Good Smart
Good Smart has successfully raised a total of $4.35M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $3.6 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.35M
- Total Rounds 3
- Last Round Series B — $3.6M
- First Round $750,000
(Apr 2017)
- Investors Count 2
All 3 funding rounds of Good Smart with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $3.6M | Series B | – | Sawari Ventures | – |
| Feb 2019 | – | Series B | – | Algebra Ventures | – |
| Apr 2017 | $750,000 | Series A | – | Algebra Ventures | – |
2 investors in total: 2 institutional.
Investors in Good Smart
Good Smart has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Sawari Ventures and Algebra Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A venture capital firm based in Cairo, Egypt, is operated. | – | sawariventures.com | Giza, Egypt | |
Algebra Ventures is recognized as a leading venture capital firm based in Egypt, focused on tech investments across Africa. | 2016 | algebraventures.com | Cairo, Egypt |
Investor details for Good Smart
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Good Smart
1 people are tracked at Good Smart (1 in leadership).
| Name | Role | Group |
|---|---|---|
Amr Fawzi | CEO & Founder | Leadership |
Complete people profiles for Good Smart
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Good Smart
3 dated milestones of Good Smart across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Good Smart is founded.
- Funding First funding round of $750K.
- Funding Latest funding round, Series B, of $3.6M.
Competitors of Good Smart
Good Smart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Glovo, Breadfast, Appetito, Tawfeer Market and 1Trolley, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| glovoapp.com | 2015 | Barcelona, Spain | $1.16B | – | Online marketplace offering multi-category grocery products | |
| breadfast.com | 2017 | Cairo, Egypt | $36.15M | – | Multi-category grocery items are delivered through an online platform. | |
| appetito.com | 2020 | Cairo, Egypt | $2.55M | – | Multi-category grocery products are offered via an online platform. | |
| tawfeermarket.com | 2019 | Alexandria, Egypt | $500,000 | – | Multi-category grocery supplies are provided via an online platform. | |
| 1trolley.com | 2019 | Cairo, Egypt | – | – | An online marketplace for a wide range of grocery supplies. | |
| goooapp.com | 2020 | Giza, Egypt | – | – | Multi-category grocery items are provided via a mobile application. | |
| zumrafood.com | 2011 | Cairo, Egypt | – | – | Online platform for Asian ingredients shopping, delivery, and recipes. | |
| trolleydelivery.com | 2019 | Giza, Egypt | $200,000 | – | Grocery products are retailed online by TrolleyDelivery across Egypt. |
Detailed competitors of Good Smart
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
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Web traffic of Good Smart
The website of Good Smart (goodsmartegypt.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▼ 21.3% vs previous month
Latest news on Good Smart
Complete news archive for Good Smart
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
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- Brand-specific news history
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Similar companies to Good Smart
10 companies that operate in the same segment as Good Smart (Food & Grocery Retail), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Meal recipe kits are delivered through a weekly subscription service. | 2011 | Berlin, Berlin, Germany | USD 367.28 M | – | – | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | – | – | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.12 M | – | – | |
Multi-category products are delivered quickly through an online platform. | 2020 | Bengaluru, Karnataka, India | USD 2.3 B | USD 344.05 K | 100 | |
Organic groceries are offered through an online membership platform. | 2013 | Los Angeles, California, United States | USD 332.18 M | – | – | |
Online marketplace platform offering multi-category grocery products | 2012 | San Francisco, California, United States | USD 2.93 B | USD 3.74 B | 3,270 | |
Platform offering food and grocery delivery services | 2013 | London, England, United Kingdom | USD 2.95 B | USD 2.59 B | 3,960 |
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Frequently Asked Questions about Good Smart
Good Smart was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Good Smart is headquartered in Cairo, Egypt.
Good Smart is a funded company, having raised a total of $4.35M across 3 funding rounds to date. The company's 1st funding round was a Series A of $750K, raised on Apr 2017.
Good Smart was founded in 2014 in Cairo, Egypt, focusing on the grocery delivery sector. Operations center on supplying everyday grocery items directly to customers doorsteps through an online platform accessible via goodsmartegypt.com. Services include order placement, inventory management, and timely deliveries within urban areas. The company serves local residents in the Greater Cairo region, addressing daily shopping needs in a competitive e-commerce landscape.
Good Smart has 2 investors. Key investors include Sawari Ventures, and Algebra Ventures.