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Dubai’s Grubtech raises $15 million to assist eating places streamline their digital operations
Startups

Dubai’s Grubtech raises $15 million to assist eating places streamline their digital operations 


Dubai-based SaaS startup Grubtech has raised $15 million as a part of its Sequence B and Sequence A extension rounds, it introduced in an announcement right this moment, with out sharing the breakdown of the 2 rounds. The Sequence B was led by enterprise arm of Jahez, the Saudi meals supply firm, and joined by current traders; New York-based Addition, and Saudi and UAE-based Hambro Perks Oryx Fund.

The startup has beforehand raised roughly $19 million throughout its seed, pre-Sequence A, and Sequence A rounds, with the final disclosed spherical introduced in late 2021.

Based in 2019 by Mohamed Al Fayed and Mohamed Hamedi, Grubtech has constructed what it calls a unified restaurant operations and administration platform. Its on-line software program integrates with meals supply aggregators, direct ordering platforms, self-ordering kiosks, logistics suppliers, and POS methods, to assist eating places handle all their digital operations – from order to supply – from one single dashboard.

Grubtech additionally permits restaurant homeowners to replace their menus and pricing throughout totally different platforms from its dashboard.

Along with its essential software program, generally known as gOnline, Grubtech additionally gives 4 add-ons that assist F&B operators handle their kitchens and pickup areas, and achieve actionable insights into totally different elements of the restaurant.

Its options may help operators ‘simply double’ gross sales per sq. meter, famous an announcement by Grubtech, including that it will possibly additionally enhance the velocity of service by 25 % and scale back working bills and waste.

In line with its web site, and the assertion, Grubtech is utilized by over 700 world manufacturers and restaurant chains in 18 markets. Along with eating places, grocery and pharmacy chains additionally use its merchandise.

There are not any pricing particulars on Grubtech’s web site however in 2021, it used to cost its shopper $60 per thirty days for each location.

The startup plans to make use of the newest funds to broaden its worldwide presence by organising places of work in Saudi, Europe, and the UK.

Mohamed Al Fayed, the co-founder and CEO of Grubtech, mentioned, “On-line F&B and fast commerce gross sales proceed to develop at a fast tempo. Our merchandise empower our clients to proceed utilizing components of their tech stack, like a POS, whereas adopting new gross sales channels and digital options seamlessly, eliminating silos inside operations and information. We’re excited to proceed our push into totally different markets the place we’ve recognized sturdy demand and progress potential.”

Grubtech is Jahez’s seventh funding since going public in early 2022.

Its Chief Funding Officer Abdulaziz Alhouti, commenting on the funding, mentioned, “Having invested in a number of expertise options throughout the F&B and fast commerce sectors, we’ve seen the worth of Grubtech’s integration platform firsthand throughout our service provider base. We’re excited to again the workforce at Grubtech as they proceed to innovate with new merchandise and push into new geographies.”

Among the different notable gamers on this house embrace Saudi’s Blink and Taker.

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