Saudi Arabia’s Top Food Delivery Raises/Exits in Order of Funds Raised
In the meal delivery market, key players have achieved notable exits, highlighting the sector’s robust growth and investor confidence.
In 2023, HungerStation was acquired by Delivery Hero in a landmark deal valued at $803 million, marking a significant milestone in the industry.
Meanwhile, Jahez made headlines in 2021 by going public and achieving unicorn status, underscoring the vibrant potential of meal delivery startups.
On the grocery delivery front, Nana stands out as a leader, having secured funding seven times over as it ambitiously expands its dark stores network to further solidify its market presence.
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The Future of Food Delivery in Saudi Arabia
The KSA food delivery market, worth US $10 billion in 2023, is expected to hit $14.9 billion by 2028, with food-delivery startups playing a central role in driving that growth, capitalizing on shifting consumer needs. These startups snagged 45% of the $600 million raised by KSA's Foodtech sector, marking a transformative shift in dining experiences and highlighting their pivotal role in Saudi Arabia's evolving food landscape.
