OneOrder, an Egyptian startup that offers food supplies to hotels, restaurants, and cafés through a fintech-enabled restaurant management platform, has announced the closing of a US$3 million seed round.
Nclude, VC A15, and Delivery Hero Ventures all contributed to the funding round, which was led by Nclude.
OneOrder was created by prominent Egyptian restaurateur Tamer Amer, who also founded two of Egypt’s most popular restaurant chains: Fuego Sushi and Longhorn Texas BBQ.
The company aims to address the three main supply chain problems facing the country’s restaurant sector: pricing, quality, and timing.
“As a restaurant owner myself, I have seen firsthand the unnecessary expenses and inconveniences HoReCa businesses to face while interacting with their clients. We are thrilled with the adoption and growth we have seen over the past year, which is evidence that we are filling a sizable gap in the market in our area, Amer said.
Nclude’s managing partner, Basil Moftah, expressed his company’s admiration for OneOrder’s “amazing success.”
“The OneOder solution’s product-market fit and the benefits it is bringing to all value chain participants are really amazing. OneOrder’s integrated financing will assist underserved clients who are unable to obtain traditional funding by utilizing technology and alternative data. This is completely consistent with our investing philosophies, and we are excited to start this adventure with the team, according to Moftah.
OneOrder will enhance its internal operations and tech personnel, scale its sales team to increase its market share, and substantially invest in its proprietary technology using the most recent capital infusion.
Read more on Tech Gist Africa:
Egypt’s SIDEUP raises $1.2 million seed round from global and regional investors
Grinta, an Egyptian startup has secured a $8 million seed round funding
Blnk, an Egyptian consumer credit startup, secures $32 million in funding
