Cairo, Egypt-based supply chain solutions provider, OneOrder, raised USD 3 million in seed funding. The seed round took place on December 5, 2022. Nclude led the financing for the firm. Meanwhile, A15 and Delivery Hero Ventures joined in the round.
So far, the total funding raised by the firm stands at USD 10.5 million. It also includes USD 6.5 million in working capital financing from financial institutions.
Purpose of financing for OneOrder
With the latest capital injection from the seed round, the company intends to scale its operations in Egypt, including increasing its warehouse footprint.
Besides, OneOrder seeks to explore growth opportunities within the Gulf Cooperation Council (GCC) region and Africa.
Meanwhile, the company has plans to, begin extending working capital financing options to restaurants as a way of helping them scale their operations via its partners.
What the co-founder has to say
OneOrder co-founder and CEO, Tamer Amer, said, “We are exploring Saudi Arabia and expanding south into our continent. I think Africa has a lot of markets that feel the same pain points that Egypt does.”
Amer further added, “The solution that we’re providing has shown that this industry is ready for tech solutions. We are working on a more substantial operating system for the restaurants, not just the supply chain and inventory management system, but rather the full cycle that would turn their operations automatically by using AI and machine learning capabilities to drive the supply chain.”
What the investor has to say
Basil Moftah, the managing partner at Nclude, said, “The product-market fit of the OneOrder solution is very impressive, along with the positive impact it is delivering to all stakeholders in the value chain. Through the use of technology and alternative data, OneOrder’s embedded financing will help underserved clients who are unable to secure traditional financing. This aligns perfectly with our investment philosophy, and we are glad to be embarking on this journey with the team.”
About the company
Tamer Amer and Karim Maurice launched the company in 2022. OneOrder enables restaurants to order food supplies through its online platform. It solves the fragmented supply chain challenges that lead to erratic prices, waste, quality issues, as well as storage costs. Meanwhile, the platform also ensures operational efficiency and helps restaurants save money by leveraging OneOrder’s economies of scale.
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