Startups
Dubai Fuel Delivery Startup Cafu Explores First Stake Sale
Cafu delivers fuel to clients’ doorsteps at the same price charged at gas stations.
Photographer: Giuseppe Cacace/AFP/Getty ImagesThis article is for subscribers only.
Dubai-based Cafu, a fuel-delivery service, is looking to raise funds by selling a stake in the business for the first time, according to people familiar with the matter.
The startup, founded in 2018 by a member of a prominent Emirati merchant family, is working with Lazard Ltd., the people said, requesting anonymity because the information is private. The discussions are at a preliminary stage, and no final decisions have been made.