Cairo - Mubasher: Fawry for Banking Technology and Electronic Payments has acquired a minority stake in the food delivery platform, elmenus, as part of its effort to establish strategic partnerships with high potential tech companies. 

"Fawry is looking forward to its journey with elmenus, working closely with the executive team and entering many ventures together," the CEO, Ashraf Sabry, said in a bourse disclosure on Wednesday. 

The food delivery platform, founded in 2011, has launched online ordering in 2018 with over 1.5 million users per month. 

During the first quarter (Q1) of 2021, Fawry logged net profits of EGP 85.79 million, compared to EGP 38.04 million in the year-ago period, including minority shareholders’ rights.