Egypt’s Tech Startup OneOrder Raises $3M In Funding

OneOrder, the Egyptian catering logistics and technology startup, has just raised another $3 million after a recent round of funding, with a view to boosting the firm’s core technology offering and upgrading in-house operations.

The latest funding round was led by Nclude, an investment platform that describes itself as an “Innovation Engine powered by tech startups”, as well as venture capital firm A15, and delivery giant Delivery Hero.

The fresh capital injection will help boost OneOrder’s in-house operations, improve sales and market share, and allow the firm to recruit top talent and improve its proprietary technology. In addition, OneOrder will now be able to scale its offline operations, expanding its network of warehouses further across Egypt and the MENA region.

“Aside from improving efficiency, we are reducing costs and impacting restaurants’ bottom lines. Joined by prominent global investors with deep knowledge and extensive expertise in our sector, we look forward to our next phase of rapid growth,” says Tamer Amer, co-founder and chief executive of OneOrder.

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OneOrder has only been in existence since October 2021 and has already made a name for itself by using technology to address the inefficiencies faced by restaurants when sourcing supplies. The company’s platform allows restaurants to interact with a fragmented supplier base to efficiently source their supplies, such as meat, vegetables and catering equipment.

In Egypt, OneOrder has a potential market of 400,000 restaurants with an aggregate annual spend of $40 billion. Due to non-integrated supply chains, these businesses spend between 6-7% of their revenue to ensure logistical stability, so the future certainly looks interesting for this prominent startup.