Appetito Acquires Lamma To Expand Into Tunisia, Morocco, And West Africa
Jun 15, 2022 ·
1m 24s
On-demand grocery retail business Appetito, announced the acquisition of Lamma, a similar startup which operates in Rabat, and the Greater Tunis area of Morocco and Tunisia respectively. Co-founder Shehab Mokhtar,...
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On-demand grocery retail business Appetito, announced the acquisition of Lamma, a similar startup which operates in Rabat, and the Greater Tunis area of Morocco and Tunisia respectively.
Co-founder Shehab Mokhtar, says the deal is expected to close by the third quarter of 2022, but the two companies have reached an agreement to operate under Appetito as a single entity.
Lamma co-founder and CEO Yassir El Ismaili El Idrissi say both companies have already begun to train staff together.
Mokhtar says that his company expects to soon close an 8-figure round to support the expansion.
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Co-founder Shehab Mokhtar, says the deal is expected to close by the third quarter of 2022, but the two companies have reached an agreement to operate under Appetito as a single entity.
Lamma co-founder and CEO Yassir El Ismaili El Idrissi say both companies have already begun to train staff together.
Mokhtar says that his company expects to soon close an 8-figure round to support the expansion.
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