Foodtech: Saudi Arabia’s Top 10 Most Funded Startups
Saudi Arabia's foodtech landscape is bustling with innovation and investment, with a handful of startups leading the charge in revolutionizing the way people interact with food. Topping the list is Nana, a grocery delivery platform established in 2016, which has secured an impressive $212.2 million in funding to date, making it the most funded foodtech startup in the kingdom.
Following closely behind is Foodics, a restaurant management platform founded in 2014. Meanwhile, Qlub, a newcomer in the restaurant payments sector, has secured $42.0 million in funding at the seed stage, signaling early investor confidence in its innovative approach to digital transactions.
These top 10 most funded foodtech startups underscore the kingdom's commitment to innovation and entrepreneurship in the realm of food and technology, paving the way for future growth and development in the 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.
