Co-founded by the team behind Bilbayt and Carriage, Fiz, the rapid grocery delivery startup has raised a $2.5M pre-seed round co-led by The Taken Seat and Relish Venture Partners, with participation from Kuwait based angel investors.
Founded in the summer of 2021, Fiz will soon be operational in multiple high-density neighbourhoods in Kuwait. The rapid grocery delivery startup is aiming to deliver approximately 1,500 SKUs in 10-15 minutes.
“The model is simple, it always has been, it’s all about convenience and the next frontier is the ability to deliver in no time” says Ahmad Salamah, Co-founder and CEO. “Global players, such as Getir and GoPuff, developed the blueprint and the pandemic made it easier for consumers to shop online in the Middle East. All we needed to do was to ensure we had the right locations for our dark stores and the right catalog for our consumers”.
When asked about the launch date and the next funding round, Ahmad responded: “Fiz will be coming to a neighbourhood near you very early in 2022, as long as you are in Kuwait. As for our next round, we are continuously speaking to investors, locally, regionally and internationally – I am a firm believer in the motto, if you build it, they will come!”.
