Foodtech
Zomato Injects INR 500 Cr Into Blinkit for Strategic Growth
The infusion follows Zomato's INR 8,500 crore fundraising through a Qualified Institutions Placement (QIP) in November 2024, aimed at bolstering financial resources for expansion.
Rebel Foods Secures USD 210 Mn in Series G Funding Led by Temasek
The newly acquired funds will be used to expand Rebel Foods' global footprint, enhance its brand portfolio, and strengthen its omnichannel platform.
Get Set For The Third Edition Of Red Sea Foodtech Connect Taking Place In Riyadh On June 11, 2024, Under The Theme "Meet The Big"
Key stakeholders across Saudi Arabia's public and private foodtech sectors are expected to be brought together at Red Sea Foodtech Connect 2024.
Prince Khaled Bin Alwaleed Highlights His Impact Investing Journey At Abu Dhabi Finance Week 2023
The conversation also saw Prince Khaled share insights on food technology's important role in the climate crisis, as well as the wider investment landscape of climate financing.
KSA-Based Foodics Launches New Financial Management Product Suite To Ease Cash Flow Management For F&B Businesses
Foodics aims to help F&B business owners gain full command of their business' cash flow cycle, customer touchpoints as well as back-of-house operations.
With An Aim To Achieve US$1 Billion In Gross Merchandise Value By 2024, UAE-Based KASO Is Reshaping The Food Procurement Industry
Most recently, in July 2023, KASO closed a $10.5 million seed round.
Tetra Pak lanza su nuevo programa para impulsar la innovación foodtech en Colombia y Ecuador
El proyecto busca apoyar a las startups emergentes del sector foodtech con las herramientas necesarias para fortalecer sus ideas de negocio a través de una red de mentores especializados y orientación especializada.
How Saudi Arabia-Based Foodics Became The GCC Region's Most Prominent Foodtech-Meets-Fintech Player
Since its inception in 2014, Foodics has successfully processed over six billion orders through its platform, and it has been focused on significant regional expansion plans.
How Yango Delivery Is Infusing Innovation Into The Last Mile Delivery Industry In The UAE
On a daily basis, over half a million deliveries are powered by Yango's technology platform worldwide.
A New Report Released By Saudi Arabia-Based Foodics Reveals That Foodtech Startups In The Middle East Have Raised Over US$2.6 Billion In Funds In The Past Two Years
Time will tell if the venture capital winter has taken hold of the sector in 2023, but preliminary data for the year show a slowdown in foodtech exits.
"We Got Funded!" KSA-Based Kaso Raises US$10.5 Million In A Seed Round Following The Launch Of Its New F&B Fintech Vertical
The new funds are expected to be allocated towards two main areas: its newly launched fintech vertical that targets restaurants, and its short-term goal to achieve a gross merchandise value of US$1 billion by 2024.
"We Got Funded!" With A Mission To Transform The MENA's Foodtech Supply Chain, KSA-Based Nomu Raises US$5 Million In A Seed Funding Round
Nomu is a supply chain platform that aims to efficiently provide storage and delivery services to regional F&B establishments using technologically advanced tools.
Zomato Introduces Food Trends Platform To Help Restaurant Partners
Restaurant partners can leverage this platform to view demand and supply gaps, price distribution and demand trends for different dishes or cuisines and consequently customize their strategies and accelerate sales
Saudi Arabia-Based Nomu Group And UAE-Based Jalebi Partner Up To Introduce AI-Based Services To Advance The Regional Restaurant Industry
This partnership aims to create a synergetic collaboration using Nomu Group's procurement forecasting and fulfilment tools and Jalebi's inventory optimization and restaurant operations technology.
6 Aftereffects of the INR 2000 Note Withdrawal by RBI
Following the RBI's decision to stop issuing INR 2000 notes, several businesses noticed that payments were now made in the withdrawn currency.