18 Food Delivery Players in KSA Secure Funding in Past Decade
In Saudi Arabia, major meal delivery players that have secured funding include Hungerstation and Jahez. Hungerstation was acquired by Food Panda / Delivery Hero, while Jahez went public in 2021, raising US $430 million through its IPO.
In the grocery delivery space, notable companies include Nana and MrSool. Nana has attracted the most funding, totaling US $212 million, with its largest single round being a US $133 million Series C raised in February 2023.
Additionally, specialized players like Kaffeen, focused on online coffee ordering and now acquired by Kuwait-based COFE App, and Honest, specializing in organic produce, contribute to the diverse landscape of the delivery sector.
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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.
