Latest news with #Foodics
Wamda
15 hours ago
- Business
- Wamda
Kamco Invest acquires a stake in Foodics
Saudi Arabia-based foodtech Foodics has raised an undisclosed investment from Kuwait's Kamco Invest for an unspecified stake. Founded in 2014 by Ahmad AlZaini and Mosab Al-Othmani, FOODICS offers a point of sale (POS) and restaurant management platform and payment that caters to F&B establishments, from traditional dine-in restaurants and food trucks to cloud kitchens. Since its founding, the company has processed over five billion orders through its platform. The investment follows Foodics' $170 million Series C round led by Prosus and Sanabil in 2022. Foodics is expected to go public on Tadawul within 2–3 years. Press release: Kamco Invest, a leading regional non-banking financial powerhouse, has announced that its private equity division has acquired a stake in Foodics, one of the MENA region's fastest-growing cloud-based restaurant technology and payments platforms. Founded in 2014, Foodics currently supports over 33,000 restaurants, enabling an annual gross merchandise value (GMV) exceeding $10 billion in 2024. The platform provides restaurant operators with an integrated solution for managing orders, operations, finances, and access to capital—all from a single interface. This investment, which closed in Q4 2024, complements Kamco Invest's broader strategy to provide its clients with exposure to high-growth, tech-enabled businesses in the MENA region—especially those targeting IPOs in local markets. With a strong market position in Saudi Arabia, Foodics is poised for a public listing on Tadawul within 2–3 years. The company's latest funding round of $170 million was led by Prosus and Sanabil Investments (a PIF-owned fund), with participation from Sequoia Capital India, STV, Raed Ventures, Endeavor Catalyst, and others. Dalal J. Al Shaya, Director of Private Equity at Kamco Invest, commented, "We are proud to back a regional tech champion like Foodics. Its scale, innovation, and strong investor base signal an exciting growth trajectory. This investment aligns with Kamco Invest's commitment to enabling long-term value creation and expanding our tech investment footprint in the Gulf region.'
Zawya
2 days ago
- Business
- Zawya
Kamco Invest buys stake in Mideast restaurants payments platform
Kamco Invest, a regional non-banking financial powerhouse with one of the largest AUMs in the region, today (July 28) announced that its private equity team has acquired a stake in Foodics, a leading cloud-based technology and payments platform for restaurants in the Mena region. Foodics was established in 2014 and supports more than 33,000 restaurants with an annual gross merchandise value of over $10 billion in 2024. The company's vision is to build a complete restaurant operations and financial management ecosystem that enables owners to run seamlessly and grow their businesses. Foodic's most recent round of $170 million was led by Prosus, one of the largest technology investors globally, and Sanabil Investments, a PIF-owned investment company focused on private growth investments. Other participating investors included Sequoia Capital India and existing investors including STV, Endeavor Catalyst, Vision Ventures, Raed Ventures, Riyadh Taqnia Fund, Faith Capital, and others. This investment, which was completed in Q4 2024 with final legal and regulatory procedures concluded recently, aligns with Kamco Invest's strategy of offering its clients distinctive, high-value opportunities in the region's most promising and fastest-growing sectors through investments in leading technology companies in the region with a planned, near-term IPO on local capital markets. The system allows restaurateurs to manage the entire restaurant operation from order processing to financial management and gaining access to cash, from a single screen. With its strong foothold in the Saudi market, the region's most active and lucrative for tech startups, Foodics is poised for a successful IPO within 2–3 years benefiting from favorable market conditions in KSA and the IPO prospects on Tadawul. Dalal J. Al Shaya, Director of Private Equity at Kamco Invest said: "We are proud to take part in this regional tech champion, which is successfully showcasing a tremendous growth trajectory with multiple pillars of growth initiatives supported by prominent regional and international investors." "We are confident in Foodic's business model, its strategy and the team's ability to lead the company to a successful futurem," he stated. Al Shaya pointed out that this investment, which aims to create long-term value for its clients, was in line with its strategy to extend tech ecosystem expertise and investments in the region, following its tech initiatives across the US. "This aligns with Kamco Invest's vision to strengthen its presence across the Gulf region, and to capitalize on the tremendous growth potential the region offers," he added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
26-06-2025
- Business
- Zawya
Foodics UAE launches inaugural edition of ‘The F&B Circle' & reveals new business intelligence tool for restaurant management
The exclusive industry gathering explored key insights on business scaling, behind-the-scenes industry journeys and a live demo of Foodics' latest AI-powered solution Dubai, UAE: Foodics, the leading restaurant operations and payment technology company in the MENA region, recently launched its first-ever event in the UAE - "The F&B Circle" under the theme 'The Control Room' in collaboration with the Fast Food & Cafe Convention (FFCC) on June 25th 2025 at Warehouse Four in Al Quoz. The inaugural edition explored how data, systems and leadership could build scalable brands in the region while shaping the future of the F&B ecosystem. It also officially launched 'Foodics BI' (Business Intelligence) - an advanced AI-powered solution enabling faster and smarter data-driven decision-making for restaurant management. The F&B Circle is an invite-only assembly of key regional F&B thought leaders that uncovers bold ideas and builds meaningful connections aimed at driving the future of the regional industry. Its debut edition convened respectable founders, creators, investors, innovators and influential voices from across the F&B industry to network and engage in insightful conversations on scaling businesses, harnessing the power of data and persevering through challenging times. Belal Zahran, Foodics International Managing Director (Egypt & UAE) opened the event by highlighting its aim to unite F&B professionals to exchange ideas, challenges and address industry challenges. He comments, 'We are proud to host the first edition of the F&B Circle in partnership with FFCC. The idea was to bring together impactful voices from the industry – to connect and exchange real experiences to learn from each other. This reflects our commitment to the UAE market, supporting restaurants and F&B businesses and continuing to drive the industry forward with Foodics' future-ready tech solutions.' Soon after, a thought-provoking panel discussion commenced involving participation from a diverse array of industry professionals such as Saleh Al Samadi, Owner of Al Samadi Group, Santosh D'Souza, International Director of Development of Tigrus Restaurant Holding, and Karim Chaanine, Chief Marketing Officer of PJP Investment Group (UAE, KSA, Jordan). The session was moderated by Akhilesh Bahl, Founder and CEO of Malt & Salt Hospitality and explored how leading restaurants scale through smart systems and empowered teams while maintaining an authentic, consistent and human-centric brand experience. When discussing challenges during scaling business, Karim noted that rapid growth often brings pressure – from finding the right locations and strong staff to maintaining quality. While these are common challenges, he highlighted the need to address this with effective solutions in order to maintain the brand's promise to customers. Saleh added that beyond logistics and recruitment, building outdoor kiosks comes with unique challenges, especially in high-traffic public areas where quality must never slip. As for advice to F&B entrepreneurs looking to scale their business, Santosh stressed consistency, Saleh pointed to the importance of structure and Karim highlighted passion as the key to creating a positive brand impact. Furthermore, the platform featured an exciting presentation and interactive live demo of the newly launched Foodics BI by George Henin, Head of Foodics BI at Foodics. As an advanced AI-powered business intelligence solution integrated into the Foodics product ecosystem, Foodics BI enables restaurateurs to harness real-time data and cutting-edge AI for informed decision-making and efficient restaurant management, facilitating smarter operations and faster scaling. Notable features of Foodics BI include AI-powered inventory and sales forecasts and algorithms that analyze data, live dashboards, alerts, natural language queries, all accessible via the web or mobile app. 'We're excited to officially launch Foodics BI, our AI-powered analytics tool designed to give F&B entrepreneurs the flexibility and engagement they want with their own data.', says George. 'It transforms raw POS and inventory data into actionable insights, perfect for multi-location operations aiming to streamline workflows, reduce costs, and grow strategically. The best part is you don't need to be a data scientist to use this - we've built this tool to make daily data access simple and impactful for everyone.' An engaging fireside chat was also held before concluding with a networking session. The discussion featured Celebrity Chef Ali Yazdi who is also the Founder of Aleez Hospitality as well as Hayder Nashie, Chief Executive Officer of Dash Hospitality Group and was moderated by Belal Zahran. The discussion explored the realities of building from scratch, the challenging truths behind-the-scenes and success stories. Key takeaways included how launching a concept can be either a leap of faith or a strategic process with no guarantees but the hope that it all comes together eventually for success. When asked for advice for F&B entrepreneurs entering the industry, Hayder urged them to be patient while Chef Ali Yazdi emphasized consistency saying, 'You don't need to be the first, but you can be the best so be consistent and never sacrifice quality for quantity.' 'This event was a great opportunity to connect with like-minded individuals and discuss opportunities and challenges in the F&B industry. Technology is at the core of transformation across different sectors including F&B. At Papa Johns, where delivery plays a major role, it's essential that our app provides a customized experience as well. With AI tools, we can analyze order history and preferences to deliver a more conversational, tailored journey. While tech is the foundation, recent AI tools allow us to build on it and create more meaningful interactions.', comments Karim Chaanine, Chief Marketing Officer of PJP Investment Group (UAE, KSA, Jordan). As a prime cloud-based restaurant tech and management company, Foodics aims to host further editions of The F&B Circle uncovering innovative ideas and discussions that shape the industry's future. With the launch of its advanced AI-powered business intelligence solution, it hopes to continue empowering restaurants and F&B stakeholders in the UAE and MENA region with novel data-driven insights that optimize their overall operations and pave the way for robust F&B industry growth. About Foodics Founded in 2014, Foodics is the leading restaurant operations and payment tech company in the MENA region, powering the operations of more than 30,000 restaurants with an all-in-one software and hardware ecosystem to manage. The Saudi-born company offers cloud-based all-in-one Restaurant Management System (RMS), Point of Sale solution (POS) and payment systems that are developed in-house with hands-on industry intel and caters to F&B establishments. Foodics offers various tools and solutions including Foodics Online, Foodics Pay, Foodics Marketplace, and Foodics Accounting, equipping restaurateurs with innovative technology tools to establish resilience, foster customer connections and sustain growth.
Entrepreneur
28-05-2025
- Business
- Entrepreneur
The Recap: Leaders in E-Business Awards 2025
The Leaders in E-Business Awards 2025, staged by BNC Publishing with the support of in5 and The honored the visionaries, disruptors, and forward-thinking organizations that are redefining how business is done in the digital age You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. In a celebration of trailblazers transforming the digital economy, the fifth edition of the Leaders in E-Business Awards was staged by BNC Publishing with the support of in5 and at Sofitel The Palm on May 27, 2025. This prestigious recognition honors the visionaries, disruptors, and forward-thinking organizations that are redefining how business is done in the digital age—across sectors such as fintech, retail, logistics, healthtech, and beyond. As the region continues to cement its position as a global hub for digital commerce, this year's honorees stand out for their bold strategies, customer-centric technologies, and measurable impact on the evolving e-business landscape. Best New E-Commerce Experience - Piece of You by Amreen Iqbal Real Estate E-Solution of the Year - Colab Cloud Tech Fintech Company of the Year - LQUIDPAY DEO BANK Marketing Leader of the Year - Luna PR Green Mobility Leader of the Year - EVIQ Leader in F&B Fintech Solutions - Foodics Best Crypto Exchange - Best Digital Venture Builder - SC Ventures E-Business Leader of the Year - Haider Ali Khan E-Payment Solution of the Year - du Pay Hospitality Entrepreneur of the Year - Emil Bedretdinov Best Trading Platform - Century Financial Startup of the Year - QYUBIC Best AI Solution of the Year – Bally Singh, Scott Melker and Max Palethorpe from Hum(AI)n Assets E-Invoicing Solution of the Year - AJMS Global Visionary of the Year - Hanan Nagi from HNI (Human Network International) E-Business of the Year - Bayut
Zawya
19-05-2025
- Business
- Zawya
Foodics Egypt launches the third edition of "Pioneers ElScene"
Cairo: Foodics, the leading provider of restaurant management and financial tech solutions in the MENA region, has announced the launch of the third edition of "Pioneers ElScene'; a well-established community platform that brings together leaders of Egypt's F&B sector to discuss the future of the industry, especially amid the rapid market changes and shifting consumer trends during the summer season. This strengthens the platform's position as a key annual platform for business owners and entrepreneurs in the F&B industry. This year's community platform focuses on discussing the most important practices and changes related to the summer season and how to address them, highlighting the importance of leveraging technology and digital transformation to improve operational efficiency and support growth plans during one of the most critical seasons for the F&B sector. The platform also featured the announcement of a new solution, the launch of Foodics BI, an advanced tool that enables restaurant owners to gain a comprehensive view of their business through AI-powered reports. Belal Zahran, International Managing Director of Foodics Egypt and UAE, said: "At Foodics, we believe the future of the F&B sector largely depends on its ability to adopt technology, especially during peak times like the summer season. Therefore, this year's Pioneers El Scene is more than just a gathering; it is an invitation for decision-making and innovation, and an opportunity for restaurant owners to connect and exchange expertise." He added: "Through the launch of solutions like Foodics BI, we reaffirm our commitment to providing smart and sustainable solutions that support sector growth, in line with our ambitious vision to empower every restaurant or café owner to manage their operations efficiently, anytime and anywhere, with reliable and flexible technological support. Believing that artificial intelligence is the future, we were keen to launch such a product to equip our clients with advanced analytical tools that support their decisions and meet their aspirations." During the event, Foodics also announced the return of the 'Foodics Folks' program with its second edition, the first hands-on training program dedicated to youth aged 18 to 21. The program aims to empower participants with the operational and management skills needed to work in the F&B sector. Foodics has invited all restaurants to participate in this program to play an active role in supporting and empowering the next generation of workers in the sector.
