Breadfast Equity

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Breadfast Inc. (“Breadfast” or “Company”) is a leading online grocery and quick commerce brand in Egypt. The Company’s provides an AI-powered, app-based online grocery platform which enables the company to offer and deliver to its customers in under 60 minutes >7,000 quality Stock Keeping Units and to serve >400,000 monthly active users. The platform offers fresh produce, bread and pastries, groceries (including a range of private label products by Breadfast), personal care, own-brand coffee, as well as ready-to-eat meals (salads, sandwiches, hot meals). IFC’s proposed investment is US$13 million in equity shares in Breadfast. The Company operates from leased facilities in urban and industrial areas in Cairo, Alexandria, Giza, and Mansoura, in Egypt. Company facilities include 4 offices, 10 warehouses, 7 production facilities 49 fulfillment points (dark stores), and 35 small coffee selling stalls and shops. The Company outsources its logistics and delivery fleet and relies mainly on third-party vehicles, including delivery associates on motorcycles and cars for last-mile delivery.