OneOrder, a supply chain solutions provider for restaurants in Egypt, has raised $3 million in seed funding led by Nclude, with participation from A15 and Delivery Hero Ventures. The latest funding brings the startup’s total funding to $10.5 million, including his $6.5 million working capital from financial institutions.
Launched in March of this year, OneOrder enables restaurants to order groceries through an online platform, solving the challenges of fragmented supply chains leading to price volatility, waste, quality issues and storage costs. To do.
By using its platform, restaurants no longer need to deal with dozens of suppliers and can now order just what they need for next-day delivery, eliminating waste and warehouses. The platform also ensures operational efficiency and helps restaurants save money by leveraging OneOrder’s economies of scale.
The startup plans to use the funds to expand its operations in Egypt, including increasing its warehouse footprint, and explore growth opportunities within the Gulf Cooperation Council (GCC) region and Africa.
“We are exploring Saudi Arabia and expanding south into our continent. I think there are a lot of markets in Africa that have the same pain points as Egypt,” said OneOrder co-founder and Tamer Amer, who co-founded OneOrder with Karim Maurice (CTO), CEO and founder of online restaurant Cube, said. – Reservation service.
“The solutions we are offering demonstrate that the industry is ready for technology solutions…[and] We are working on a more substantial operating system for restaurants, not just a supply chain and inventory management system, but a full cycle that automates operations by driving the supply chain using AI and machine learning capabilities. ,” said Amer. First in the United States he worked as a restaurateur for over 20 years before settling in Egypt in 2008.
Amer told TechCrunch that the sourcing challenges it experienced running two restaurants in Egypt — sushi bar Fuego and Longhord Texas Barbeque — led to the launch of OneOrder, which serves the country’s market of 400,000 restaurants. said to have influenced
“I always took the U.S. supply chain for granted. We always order and get supplies. We realized that we weren’t and that the industry is actually doing a lot of things that we shouldn’t be doing,” he said.
“…restaurants shouldn’t have full-time jobs monitoring supply chains and sourcing products because they can no longer focus on their core business of serving customers. That’s where the idea really begins.” He said.
Through its partners, OneOrder plans to extend working capital financing options to restaurants as a way to help restaurants grow their business, backed by its extensive data.
Basil Moftah, Managing Partner of Nclude, said: Through the use of technology and alternative data, OneOrder’s embedded lending empowers underserved clients who are unable to secure traditional lending. This fits perfectly with our investment philosophy and we are delighted to embark on this journey with the team. “
