Since its inception in 2014, Foodics is well-positioned to work at the cross-section of two indelible and high-growth segments: Fintech and Foodtech. The two Saudi startups that have raised more than Foodics thus far, Tamara and STCpay, are both Fintech players; and the Kingdom’s only unicorn to date, Jahez, is a q-commerce food delivery player that successfully IPO in 2022.
Foodics partners with everyone from the traditional dine-in restaurant, café, quick-serve or fast-food restaurants, bakeries, food trucks, cloud kitchens, and even non-food micro-retailers.
The Growing Business of Foodtech
There are over 124 foodtech unicorns around the world worth over US $1.3 trillion. The Foodtech market itself surpassed US $260 billion last year alone. Alt-Proteins, 3D Printing Food, and AI integrated Restaurant SaaS: The future of food has arrived. In addition to looking at foodtech globally, in this special report we also look at the future of food technology scene in the MENA region, our special report delves deeper into the dynamics of Foodtech in MENA.