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Foodics Growth Story in Numbers (2014-2023)
Nine years. That’s how long one of Saudi’s most prominent Fintech-meets-Foodtech startups has been operating out of the Kingdom, offering point of sale (POS) and restaurant management platform and payment systems that caters to F&B establishments.
Nine years and US $198 million+ in fundraising later, Foodics is a well-known brand born out of Saudi Arabia’s startup ecosystem. The foodtech x fintech also ranks 3rd overall, based on the total amount fundraised by a Saudi startup.
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The Growing Business of Foodtech
There are over 124 foodtech unicorns around the world worth over US $1.3 trillion. The Foodtech market itself surpassed US $260 billion last year alone. Alt-Proteins, 3D Printing Food, and AI integrated Restaurant SaaS: The future of food has arrived. In addition to looking at foodtech globally, in this special report we also look at the future of food technology scene in the MENA region, our special report delves deeper into the dynamics of Foodtech in MENA.
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