Egyptian startup OneOrder, a tech-enabled supplier and wholesale distributor for the food and beverage industry, is set to expand into the Gulf Cooperation Council (GCC) region after raising a US$16 million Series A equity and debt round of funding. It banked a US$3 million seed round in December 2022, and has now raised a US$16 million Series A round led by previous investor Delivery Hero Ventures, with participation from Norrsken22, alongside existing investors Nclude and A15. The company will use the capital to expand into the GCC region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE), later this year. “Like many supply chains across Africa and the MENA region, HoReCa is extremely fragmented and relies on manual processes involving multiple stakeholders. “We are honoured to lead OneOrder’s Series A round and grow our investment as the company revolutionises the HORECA supply chain in the MENA region.

Source: The North Africa Journal May 24, 2024 07:21 UTC