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.
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.
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.
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.
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.
Following the RBI's decision to stop issuing INR 2000 notes, several businesses noticed that payments were now made in the withdrawn currency.
Swiggy reportedly confirmed the development and also revealed that no jobs have been impacted so far from the move
UAE-Headquartered B2B Platform Kaso Is Addressing Procurement Inefficiencies And Food Wastage In The F&B Sector
As a platform that solves procurement inefficiencies and subsequent food wastage in F&B entities, while also helping suppliers streamline their operations, Kaso is ensuring greater adoption of digital tools in the industry's B2B space.
Kitopi Acquires AWJ In What Has Been Billed As One Of The Largest F&B Transactions In The Middle East
The deal is said to be part of Kitopi's ongoing strategy to invest in and grow much-loved regional brands, and then take them global.
Speaking to Entrepreneur Middle East, Prince Khaled pointed towards Rebellyous Foods' revolutionary tech as being the main driver for his company's investment in the foodtech enterprise.
La industria alimentaria tiene la difícil misión de apoyar la transición global hacia la sostenibilidad, siendo este uno de los principales objetivos del sector FoodTech.