Egyptian supply chain solutions company OneOrder has raised $3 million in seed round funding led by Nclude, with participation from Delivery Hero Venture and A15.
The company founded last year enables restaurants to order food supplies directly on its platform, helping to tackle shortages, price fluctuations, product consistency and accurate delivery.
By using the platform, restaurants can order supplies for next-day delivery, eliminating the need to pay for additional storage and warehousing costs, as well as cutting costs by leveraging OneOrder’s economies of scale. The startup is able to improve such efficiencies across the supply chain by using its proprietary technology, which helps ensure product availability, as well as fast and accurate fulfillment.
The company has so far raised $7.5 million since its launch last year. The latest round of funding will be used to expand the team, invest in its proprietary technology, and grow the startup’s warehouse footprint across Egypt and the MENA region.
“As a restaurateur myself, I have witnessed first hand the avoidable overheads and hassles HoReCa businesses go through in serving their customers,” Tamer Amer, Cofounder and CEO of OneOrder said. “We are delighted by the level of adoption and growth we have recorded over the past year which is a testament to the fact that we are addressing a huge unmet demand in our region.”
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