Jahez's Growth from 2021 to 2022
Published date 27 February 2023
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.