Food subscription app DailyMealz raises $5m in a pre-Series A round

Food subscription app DailyMealz raises $5m in a pre-Series A round

Dailymealz, a Riyadh-based food subscription app, raised SAR 20 million in a pre-series A round with a strategic investment from Saudi Airlines Catering and participation from Hala ventures, MLM investment company, VEDA holding, Seedra Ventures and other angel investors.

The fund will be used to support Dailymealz’s growth by introducing new products and expanding geographically.

Founded in 2017 by Mohamed Elzalabany, Abdulrahman Ahmed, Abdallah Said, and Motaz AbuOnq, Dailymealz enables individuals to order food using weekly and monthly subscriptions (through its app for iOS and Android). The users can choose different types of subscriptions including healthy, diet, keto, and fast food to receive the meals without having to place an order every time they need it.

The startup partners with different restaurants and cloud kitchens to offer their food as part of its meal plans. The food is delivered by its own network of freelance drivers. Dailymealz has built in-house technology to ensure maximum utilisation of drivers who deliver multiple orders in every trip.

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