Seed

Others

Pre-Seed

Unknown Series Round

Series A

Non-Equity Assistance

Kuwait

Rashid Sultan

Mona Al-Mukhaizeem

If you're ready to take your business to the next level with Savour Ventures, we want to hear your pitch.

Investment in Startup

Uncover Savour Ventures's investment strategies and key portfolio companies in E-Commerce at Lucidity Insights.

Savour Ventures

E-Commerce

Food and Beverage

Delivery

Savour is the first food vertical Accelerator in the Middle East. We help food entrepreneurs bring their products and services to market at super speed. Savour partners with early stage companies from across the food supply chain, from agriculture through consumer packaged goods, and helps these companies grow.

Riyadh

Series C

Foodics

Software Dev/Test

Foodtech

Finance

Predictive Analytics

Productivity Tools

Restaurants

Payments

Software

Accounting

Customer Experience

Foodics is the leading restaurant operations and payment tech in the MENA region, powering the operations of +30,000 restaurants with an all-in-one software ecosystem to manage and scale.

Series B

Calo

Healthcare

Wellness

Calo is Founded in 2019 by Ahmed AlRawi and Moayed Almoayed, Calo serves personalized meal subscriptions.

Dubai

iKcon

iKcon, UAE-based tech-enabled cloud kitchen operator that procures, cooks, and delivers food on behalf of restaurants and brand owners, was acquired by REEF in 2021.

ReserveOut

Intelligent Systems

Reservations

Reserveout is a platform that bridges the gap between hospitality, entertainment and dining service providers and their patrons through a rich and sophisticated online experience.

Cairo

GoodsMart

Delivery Services

Grocery

Retail

We deliver all your essentials overnight in the box.

Istanbul

FineDine

Hospitality

SaaS

FineDine is a growing tech company that provides data-driven digital tablets and QR menus for a smarter and more profitable dining experience with its menu management, order & payment solutions.

YACOB

Education

YACOB is a nutrition management platform that facilitates communication between children, parents, schools & food vendors.

Amman

ViaVii

Tourism

Travel

Mobile App

ViaVii is dedicated to ushering in the era of people-to-people travels by curating hand-picked experiences and itineraries, using a user-friendly platform that connects passionate travelers with hosts worldwide, offering a diverse range of experiences tailored to individual interests and budgets.

Cupmena

Waste Management

Agritech

Coffee and Tea

Agriculture

Cupmena is the first startup in the middle east to collect and add value to the SCG "spent coffee grounds"​ starting by the mushroom cultivation.

Angel

Sprout

Sprout makes wholesome, ready-to-heat food for children, crafted based on nutrition science, and loved by children and busy parents.

TABB

TABB for your wait-free seamless dining in restaurants. Enhance your dining experience to the next level.

AklaBaity

Food and Beverages

Akla-baity is an online market place for home made food based in Cairo Egypt.

Blink Ultimate Delivery

IT & Communication

Internet

Internet Marketplace Platforms

Blink is an online on-demand ordering and delivery platform connects consumers with great deals around them. Where consumers can order, track, and pay cash on delivery upon the arrival of our fleet in less than an hour. Merchants application is an enabler to enhance the daily forecasting of demand and revenue, it can also be used to expand theirmarket base.

BulkWhiz

Artificial Intelligence (AI)

BulkWhiz is the first ecommerce consumer platform for bulk grocery and home staples powered by next generation artificial intelligence technology.

Eila

KeepEATreal

L'Atelier du Miel

Mix & Muesli

Mix & Muesli is a custom-made muesli service.

OneKitchen

PantryBee

Solo TACOS

Food Delivery

Food

Solo Tacos serves tacos, bowls and more with a focus on representing the freshness and goodness of authentic Mexican street fare. The star of their little corner of Mexico is their tacos. Grilled meat, daily made guacamole using Mexican Avocados paired with one of their four #homemadesalsas.

While they are known for their #realtacos, their proteinand regular bowls are a great hit with their customers. Not to mention their decadent quesadillas or baked chips. Rediscover your love for Mexican food with Solo Tacos.

Manama

Sprouting Journey

Sprouting Journey manufactures food for children 6 months and above.

Thawaaq

Marketplace

Our vision is to build a premiere marketplace for the food industry connecting the food manufacturer and distributors with restaurants, cafes, hotels and catering companies We have incorporated latest technology with best e-commerce trends to build a comprehensive and efficient platform to conduct your business.

This platform provides enormous benefits to food suppliers and buyers in sourcing food and exchanging information. We help the food manufacturer and distributor to widen their market coverage and extend their reach using advanced technological solutions to enhance their sales and increase their brand awakened and

THAWAAQ will help the restaurants, cafes and food catering companies to enhance their procurement process and create higher transparency and efficiency in their sourcing mechanism to achieve excellence and operations excellency.

THAWAAQ is the future of food sourcing and will keep evolving as the main hub for the food related industry in Kuwait.

V-licious

V-licious is the first brand in MENA region specialized in finger food with hidden veggies and fruits.

Organic Press

Organic Press is Dubai's premium Raw & Organic juice bar specializing in Cold Pressed Juices, Smoothies, Nut Milks and Juice Cleanse Programs.

Ngwah

Mobile Apps

Deliveries

Ngwah is a food delivery service that brings meals from the best restaurants to any location at any time, offering multiple simultaneous orders, no minimum charge, real-time tracking, and an AI-powered intelligent menu.

Their second target is to fund startups in the Series A stage, which they've done by investing in nine later-stage startups across the region, including BulkWhiz, ReserveOut and Foodics. Sultan comments, "These investments enable the growth of the food startup ecosystem as a whole, along with diversifying our risk/return profile."

Kuwait's Savour Ventures Is On A Mission To Help Food Startups Get Access To Funding And Support

Savour Ventures's Portfolio

Savour Ventures Portfolio

CUP, an Egyptian startup, has been selected for Savour Ventures' third accelerator programme, which offers a 10-week intensive curriculum in Kuwait. The programme provides $100,000 in investment, with $50,000 in cash, to each of the five selected startups. CUP focuses on adding value to spent coffee grounds to grow mushrooms. The programme includes mentorship, investor mock meetings, and concludes with a Demo Day for networking and investment opportunities.

5 Food-Tech Startups Selected for Savour Ventures’ Third Accelerator Programme

V-licious was one of seven startups in the Fall 2018 Cohort of Savour Ventures' accelerator program. The program included mentoring, a demo day, and an investor forum. It began in October and lasted six weeks, with startups receiving guidance on business growth. The cohort was selected from 220 applications across 25 countries.

Savour Ventures concludes accelerator program of Fall 2018

V-licious, an Egypt-based startup, has joined Savour Ventures' Fall Cohort 2018. The company specializes in healthy food for kids by embedding 'hidden veggies' in popular children's favorites like chicken nuggets and burgers.

Savour Ventures on X: "Welcome our #FallCohort2018!

<a href="https://magnitt.com/startups/ikcon-51472?utm_source=cta&amp;utm_medium=website&amp;utm_campaign=Funding">iKcon</a>, a Dubai-based tech-enabled cloud kitchen as a service operator, has raised announced its $20M Series A funding round today.

The round was led by regional investment groups including Mohamed Yousuf Naghi Group,&nbsp;AlTouq Group,&nbsp;Derayah Ventures,&nbsp;B&amp;Y Venture Partners, AbdulMohsin Al Houkair Holding Group, and&nbsp;Nazer Group.

iKcon was founded in Dubai in early 2019, by Khalid Baareh (CEO) and Kareem Abughazaleh (COO), to address the growing demand for food delivery across the Middle East. iKcon is a leading cloud kitchen as-a-service operator that procures, cooks, and delivers food on behalf of restaurants and brand owners.&nbsp;It currently operates 15 cloud kitchens across the UAE and is imminently launching its first cloud kitchen in KSA. The company also plans to enter other countries in the region and is targeting to rapidly grow its network to 50 cloud kitchens in the near future.

Khalid Baareh, Co-Founder and CEO said,&nbsp;&ldquo;We are thrilled to be backed by leading regional investors and Venture Capital firms that share our vision and actively support our growth. The newly raised funds&nbsp;will be used to accelerate KSA &amp; regional expansion plan, and the development of iKcon&rsquo;s proprietary technology stack.&rdquo;

Kareem Abughazaleh, Co-Founder &amp; COO commented,&nbsp;&ldquo;This is a vote of confidence for our team&rsquo;s relentless efforts to improve our capabilities through ongoing attention to maintaining brand standards, consistency, and speed. We are constantly reinvesting in our operational excellence &amp; training programs, and we expect to accelerate this as we continue to scale our reach&rdquo;.

Sheikh Mohamed Yousuf Naghi, Chairman of MYN Group stated, &ldquo;Given our extensive experience in the F&amp;B sector, we are excited and thrilled about our investment in what we believe to be the leading cloud kitchen solution provider in the region, led by a passionate and highly experienced team. The iKcon model is the future of the F&amp;B industry with superior growth potentials. &nbsp;We are ready and proud to play an active role in supporting iKcon&rsquo;s growth story especially in penetrating the KSA market.&rdquo;&nbsp;

The food delivery industry is growing at an exponential rate and estimated to reach $360B by 2030.&nbsp;The regional dynamics are very attractive with young demographics, high mobile penetration, and fast adoption of online food delivery, making MENA&rsquo;s food delivery market among the fastest growing in the world, the startup states.

Faris AlRashed, Chairman of the Board at Derayah Ventures added, &ldquo;We are big believers in the unique business model the team behind iKcon has built which perfectly fits Derayah&rsquo;s mission of backing innovative business models run by driven founders.&nbsp;Technological innovation tackling all industries is the new norm and we truly believe the future of the rapidly transforming F&amp;B sector is here.&nbsp;We are long-term partners and ready to support the management team to achieve their growth and technology plans.&rdquo;&nbsp;

iKcon currently partners with 70+ well-known regional and international restaurant partners such as Pinza, German Doner &amp; Kebab, Wingsters, Salmontini, and Monkey Cookies, with&nbsp;more in the pipeline going live soon. &nbsp;

Cloud Kitchen platform iKcon raises $20M Series A funding round

Ngwah participated in Savour Ventures’ Fall 2018 accelerator program and showcased its AI-powered food delivery platform during the “Deep Dive” week, where Co-founder & CEO Abdullah Al Subaie joined a panel discussing how artificial intelligence is transforming the food industry by enhancing data sharing, optimizing delivery, and improving customer experiences.

Savour Ventures

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Savour Ventures

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