The new funds will help OneOrder address supply chain inefficiencies facing Egyptian restaurants by allowing them to buy all of their food products efficiently, reliably and cost effectively.
OneOrder, an Egyptian e-commerce platform that provides food supplies to hotels, restaurants and cafes, has secured $6.5 million from Contact Factoring, a subsidiary of Contact Financial Holding.
Founded in 2022 by Egyptian restaurateur Tamer Amer, OneOrder aims to support the hospitality sector in sourcing fresh and packaged food products directly from suppliers through its AI platform.
"In OneOrder, we are well aware of the gaps in the HORECA supply chain, not only in Egypt but across the MENA region,” Amer tells StartupScene. “We look forward to filling this gap and expanding our solutions and geographic reach through this partnership, allowing us to realize our vision towards creating a powerful digital environment that encourages restaurant owners to procure online, which is currently the biggest challenge we face."
The new funds will help OneOrder address supply chain inefficiencies facing Egyptian restaurants by allowing them to buy all of their food products efficiently, reliably and cost effectively from a single platform.
In February this year, the startup raised $1 million in Seed funding led by venture capital firm, A15.
According to Egypt H1 2022 Venture Investment Report by data platform Magnitt, the Egyptian VC ecosystem has raised $300 million in funding in the first half of the year, a 100% YoY increase in funding compared to H1 2021. Most of the funding was directed at fintech companies followed by e-commerce startups such as Brimore, which raised $25 million in January 2022; Sylnder, which raised $12.6 million in May 2022; and Expand Cart, which raised $2.7 million in 2022.