OneOrder, the new logistics company solving Egyptian restaurants’ supply chain inefficiencies, announces its launch and successful completion of a $1 million fundraise. The fundraise was led by venture capital firm, A15.
OneOrder is a logistics company addressing the major inefficiencies faced by Egypt’s restaurants when sourcing supplies. The startup is creating a platform to address the significant structural problem faced by Egyptian restaurants interacting on a regular basis with a number of small, fragmented suppliers and vendors from whom they source their meat, vegetables and equipment.
OneOrder’s platform means Egyptian restaurants can buy all their needs from one application, with reliable quality, prices and timing.
“We believe restaurants should be focussed on delivering a high-quality experience and service to their customers without having to worry about sourcing and procurement. We are the platform to deliver that. I’m very excited about the future as our market opportunity is huge. Egypt and the wider region are booming economically, and the food & beverage sector is only growing larger,” Amer added.
Egypt has 45,000 registered restaurants, but as many as a quarter of a million unregistered all working and consuming supplies. In 2019, the United States Department of Agriculture estimated the overall Food & Beverages/Hospitality market in Egypt to be $13 billion.
“We are excited to partner with Tamer to solve one of the main challenges the Food & Beverages industry faces in the MENA region. By leveraging Tamer’s extensive experience as a successful restauranteur and A15’s history of building scalable technology platforms, we will aim to provide restaurants in the region with reliable, convenient and timely supplies that are consistently priced,” Karim Beshara, General Partner at A15, said.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.