Jahez’s Growth Key Indicators
20 May 2024•
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Jahez, Saudi Arabia’s online fooddelivery unicorn, successfully listed on Saudi’s secondary market, Nomu, raising a US $2.4 billion initial public offering (IPO) in 2022. Jahez achieved this stellar exit within five years of establishing itself.
A year prior to IPOing, the food-delivery startup grew from serving 22 cities to serving 47 cities, capturing around 30% of the country’s meal delivery market share.
By the end of 2021, the company served 1.9 million customers. 2 years later, Jahez’s consumer base has almost doubled to serve 3.5 million active customers.
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