beU Delivery, one of the largest food delivery platforms in Ethiopia, has raised $300,000 from the China-based accelerator MiraclePlus (formerly Y Combinator China), sources told Shega.
beU secured the funding after being accepted into MiraclePlus’s Fall 2022 accelerator program. As an accelerator, MiraclePlus invests $300,000 in all selected startups and then accelerates them through a 10-week program.
Although the news has only recently become public, the investment was actually closed approximately seven months ago. Despite attempts to reach out via email, both beU Delivery and MiraclePlus did not respond to inquiries from Shega.
Last month, Hao Zheng wrote on social media, “beU delivery was funded by MiraclePlus (formerly Y Combinator China). Can vouch for its quality – some of my batch mates were the smartest founders I know.”
With the goal of helping early-stage startups really take off MiraclePlus organizes a 3-month Accelerator Program twice a…