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Jahez's Growth from 2021 to 2022
Jahez is a Saudi Arabia’s online food-delivery unicorn who successfully listed on Saudi’s secondary market, Nomu, and raising a $2.4 billion initial public offering (IPO) in 2022. Jahez achieved this stellar exit within 5 years of establishing itself, while delivering a cumulative 100 million meals to Saudi customers through 19,900 merchants and 52,400 delivery partners. A year prior to IPO-ing, the food-delivery start-up grew from serving 22 cities to serving 47 cities, capturing 28% of the country’s food delivery market share. In March 2021, the company served over 1.3 million customers. Fifteen months later, Jahez’s consumer-base had grown 67% to serve 2.4 million customers.
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The Evolution of Saudi Arabia Startup Ecosystem 2010-2022
The first comprehensive overview of Saudi's startup ecosystem, its history, and its future. The Special Report hosts perspectives and insights from many of the country’s most active investors, highlights new investment trends, critical milestones hit by the Kingdom’s fast-growing startup ecosystem, and spotlights a handful of interesting startups coming out of the Kingdom. It is packed full of insights, data, and opinions from the thought leaders and market-makers in the Kingdom. Readers will gain a deep understanding of the unique factors driving Saudi Arabia's entrepreneurial spirit, the challenges faced by startups, and the opportunities that lie ahead. This report serves as an invaluable resource for anyone looking to navigate and invest in this vibrant and rapidly evolving market.
