During these trying times, the line between boom and collapse is very thin in the F&B industry. Mumm raised an undisclosed Pre-Series A investment from Alex Angels to develop some coronavirus-related features. For example, now you can take the temperature of your cook and view it on Mumm’s website. In a conversation with the founder, Waleed Abdelrahman told us there is more to come.
After adding a corporate subscription feature to their business model just a year ago, COVID-19 hit the fan. Although the pandemic’s repercussions had a direct impact on this side of Mumm’s business, they launched another feature right before Ramadan, opening their arms to a wider spectrum of cloud kitchens.
We’re building it as a platform for cloud kitchens whether at home or central kitchens. We have a number of features that we rolled out; which include being able to really know the temperature of the cook on our website.
Waleed Abdelrahman, Founder, Mumm
Abdelrahman takes pride in his company’s cash flow positivity. The Mumm team considers themselves very lucky to snag this investment. “So, we’re going to use it in a way where it gives us competitive advantage versus others for the time being,” the founder concludes.
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