Markets Fuel delivery startup Cafu considers IPO By Sunil Singh April 25, 2025, 7:41 AM Alamy via Reuters The Cafu app has grown to offer more than fuel delivery Cafu working with Lazard Preliminary discussions stage Reintroducing delivery fee Fuel-on-demand vehicle service Cafu is working on selling shares in an initial public offering (IPO). The UAE-based startup, founded in 2018, is working with financial advisory and asset management company Lazard, Bloomberg reported this week, without identifying its sources. Bloomberg said the Cafu IPO discussions are at a preliminary stage and no final decisions have been made. Since starting up Cafu has expanded into other services including mobile car washing, oil changes, battery replacements and electric vehicle charging. Saudi health training IPO values company at $19m Paper firm plans first Saudi IPO since global stock rout Saudi coffee chain Barn’s plans IPO on Tadawul Cafu said in a note to customers this week that it will be reintroducing a delivery fee for its services, effective from April 24. This “small change” is intended to enhance its service and keep up with “growing demand for more flexible and reliable options,” the company said in the note. This would suggest a shift in its business model, as previously Cafu had offered free fuel delivery. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
