Skip to main content

Iraqi startup Lezzoo expands with purchase of Saydo

The delivery startup is one of several in the autonomous Kurdistan Region, and the autonomous government is hoping to spur more startup growth.
Iraq finance

The Erbil-based delivery startup Lezzoo announced a new acquisition Wednesday. 

Lezzoo's purchase of the Iraqi online marketplace Saydo will help its efforts to “digitize Iraq's food supply chain” and expand beyond Iraq. Saydo’s founder will now work for Lezzoo, according to a press release. 

Lezzoo delivers food, groceries, pharmacy products and more via couriers. Saydo has a small online footprint, but is also based in the Kurdistan Region capital Erbil. 

Why it matters: Unlike the Gulf states or Egypt, Iraq does not have a thriving startup scene, but a culture is developing. Delivery apps in the autonomous Kurdistan Region in particular exhibit growth potential. TipTop raised $5 million in January, and Talabat is also widely used. Lezzoo raised more than $1 million in funding in 2020. 

The Kurdistan Regional Government (KRG) launched a digital investment strategy in October that they hope will attract more foreign investment and grow startups. Some Kurdish investors told Al-Monitor at the time that Iraq needs more digital payment systems and an end to the 51% local ownership law for startup growth to really take off. 

Iraqi startups have some support available. Five One Laps, also based in the Kurdistan Region, provides training, mentorship and also funding to startups throughout Iraq and other conflict zones. 

Know more: Iraq’s economy is still largely oil-based, which is a bigger priority for the federal government in Baghdad than startups. In November, the Oil Ministry announced a plan to increase Iraq’s oil refining capacity

Join hundreds of Middle East professionals with Al-Monitor PRO.

Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. Try it for free and cancel anytime.


The Middle East's Best Newsletters

Join over 50,000 readers who access our journalists dedicated newsletters, covering the top political, security, business and tech issues across the region each week.
Delivered straight to your inbox.


What's included:
Our Expertise

Free newsletters available:

  • The Takeaway & Week in Review
  • Middle East Minute (AM)
  • Daily Briefing (PM)
  • Business & Tech Briefing
  • Security Briefing
  • Gulf Briefing
  • Israel Briefing
  • Palestine Briefing
  • Turkey Briefing
  • Iraq Briefing

Premium Membership

Join the Middle East's most notable experts for premium memos, trend reports, live video Q&A, and intimate in-person events, each detailing exclusive insights on business and geopolitical trends shaping the region.

$25.00 / month
billed annually

Become Member Start with 1-week free trial

We also offer team plans. Please send an email to and we'll onboard your team.

What's included:
Our Expertise AI-driven

Memos - premium analytical writing: actionable insights on markets and geopolitics.

Live Video Q&A - Hear from our top journalists and regional experts.

Special Events - Intimate in-person events with business & political VIPs.

Trend Reports - Deep dive analysis on market updates.

All premium Industry Newsletters - Monitor the Middle East's most important industries. Prioritize your target industries for weekly review:

  • Capital Markets & Private Equity
  • Venture Capital & Startups
  • Green Energy
  • Supply Chain
  • Sustainable Development
  • Leading Edge Technology
  • Oil & Gas
  • Real Estate & Construction
  • Banking

Already a Member? Sign in

Start your PRO membership today.

Join the Middle East's top business and policy professionals to access exclusive PRO insights today.

Join Al-Monitor PRO Start with 1-week free trial