Latest news with #HORECA
Wamda
04-08-2025
- Business
- Wamda
Suplyd raises $2 million pre-Series A to build next-gen restaurant infrastructure
Egypt-based digital procurement platform Suplyd has raised $2 million in a pre-Series A round led by 4DX Ventures, Camel Ventures, and Plus VC, with participation from Seedstars and existing investors. Founded in 2022 by Gohar Said, Karim Selima, and Ahmed ElMahdy, Suplyd digitises the procurement supply chain processes for hotels, restaurants and cafes (HORECA). Through its platform, restaurants can buy stock directly from suppliers. Since its 2022 pre-seed round of $1.6 million, Suplyd claims to have grown 20x and now serves over 5,000 restaurants, delivering operational tools and simplifying inventory and backend workflows. The new funding will help Suplyd expand beyond procurement, develop new services, and deepen its footprint across Egypt's restaurant ecosystem. Press release: Suplyd, the Cairo-based digital procurement platform for restaurants, announced the successful raise of $2 million in a pre-Series A funding round. The investment was led by 4DX Ventures, Camel Ventures, and Plus VC, with participation from Seedstars and existing investors. This round will support the company's mission to build a comprehensive infrastructure for restaurant operations and expand into untapped areas across Egypt. Founded in 2022, Suplyd provides procurement solutions for small and medium-sized restaurants, addressing long-standing inefficiencies in Egypt's $10 billion HORECA supply chain. By directly connecting restaurants with suppliers and streamlining procurement workflows, Suplyd is tackling the challenges of supply chain fragmentation, unreliable deliveries, and a lack of transparency. Since its $1.6 million pre-seed round in 2022, Suplyd has grown nearly 20x in terms of restaurants served and the value of goods delivered. Today, the company serves over 5,000 restaurant customers and continues to roll out new operational tools and services aimed at simplifying backend operations for restaurant owners. 'Over the past four years, we've built Suplyd into a critical part of Egypt's restaurant ecosystem. That progress comes with greater responsibility, and even greater ambition. What started as a bold idea is now powering thousands of restaurants every day. We've faced challenges, adapted to change, and earned the trust of our customers, partners, and investors. We didn't just witness the industry's digital transformation. We helped lead it. And we're just getting started. There's so much more to build, and we're here for the long haul,' said Gohar Said, Founder and CEO of Suplyd. Suplyd will use the new capital to enhance its platform beyond procurement, accelerate the development of new service verticals, and expand its reach within Egypt. With one of the highest tech adoption rates among B2B supply chain players in the region, the company is well-positioned to unlock new efficiencies with minimal friction. 'At 4DX Ventures, we're proud to have been one of the earliest backers of Suplyd, a company tackling the massive inefficiencies in Egypt's $10B+ HORECA supply chain,' said Peter Orth, Partner at 4DX Ventures. 'Suplyd's digital procurement platform serves the long tail of restaurants that are often overlooked. Their early traction, strong supplier relationships, and diversified revenue streams reinforced our conviction. Powered by sector veterans, we believe Suplyd is well-positioned to become a category-defining player within the region.' Commenting on the fundraising announcement, Hasan Haider, Founder and Managing Partner at Plus VC said: 'Suplyd has become a key enabler in the digital transformation of Egypt's F&B sector, turning a once fragmented procurement process into a streamlined, tech-driven solution. Their strong traction over the past four years reflects the team's deep market insight and operational excellence. As early supporters, we have seen firsthand how Suplyd has established itself as a pioneer fostering meaningful change in the F&B space. At +VC, we are committed to backing visionary founders across MENA who are building scalable infrastructure for the future. We are excited to continue supporting Gohar and the team as they push boundaries, scale their impact, and drive innovation across the region.' Suplyd offers a reliable, end-to-end digital solution that simplifies restaurant supply procurement. By replacing fragmented daily orders with a single, streamlined platform, operators gain access to hundreds of quality products, real-time analytics, and valuable procurement insights. With a fully digital trail, Suplyd helps reduce waste, cut costs, and improve supply chain predictability—making it the go-to one-stop shop for F&B operators across Egypt.
Entrepreneur
05-06-2025
- Business
- Entrepreneur
Naagin Raises INR 18 Cr Led by 360 ONE Asset to Expand Global Footprint
Existing investor 8i participated for the third time, joined by a collective of 12 new and returning angel investors. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Naagin, flavour-forward food brand, has raised INR 18 crores in a pre-Series A round led by 360 ONE Asset. Existing investor 8i participated for the third time, joined by a collective of 12 new and returning angel investors. The funds will be used to scale operations, including factory and team expansion, R&D, and marketing, while driving growth across B2B, eCommerce, and D2C channels. "We aligned with 360 ONE instantly on our bold vision for the future. They've been very supportive from the get-go, and we are excited to continue our journey to create products people truly love," said Mikhel Rajani, Co-founder of Naagin. "We aim to become the go-to flavour provider for HORECA brands in India and expand globally to put Indian hot sauce on the world map." Founded in 2019 by Mikhel Rajani, Arjun Rastogi, and Kshitij Neelakantan, Naagin was born out of a shared frustration: the global absence of Indian flavours. Their solution was simple yet revolutionary—craft Indian hot sauces using regional chillies and culinary inspirations from across the country. Today, the brand offers a vibrant range of sauces, oils, and chilli flakes made from chillies like Bhut Jolokia, Sankeshwari, and Kanthari. Naagin has become a category disruptor, now present in over 700 premium retail stores and distributed internationally via platforms like Amazon, Walmart, and Carrefour. Known for its viral collaborations like Bhoot Chips with Too Yumm!, the brand's spicy innovations continue to capture the imagination of Indian and global consumers alike. "Naagin isn't simply bottling heat, it's distilling India's rich chilli heritage into a fresh, addictive flavour experience that belongs on tables from Mumbai to Brooklyn. Their relentless focus on craft, clean ingredients, and punchy brand storytelling positions them to redefine the global hot-sauce aisle, and we're fired up to help fuel that journey," said Abhishek Nag, Head of Early Stage VC at 360 ONE Asset. With blockchain-enabled traceability, plastic-neutral practices, and direct farmer partnerships, Naagin merges sustainability with spice. This funding round highlights investor confidence in the brand's differentiated, chef-crafted offerings and its ambitious mission to make Indian flavours global icons.
Arab Times
28-01-2025
- Business
- Arab Times
Ali Abdulwahab Al Mutawa Commercial Co. Participates in HORECA Kuwait
KUWAIT CITY, Jan 28: Ali Abdulwahab Al Mutawa Commercial Co. (AAW) announced its participation in the 13th edition of HORECA Kuwait, the largest B2B hospitality and food exhibition, through its Consumer Goods Department. Held under the patronage of the Minister of Information and Culture and Minister of State for Youth Affairs, Abdulrahman Al-Mutairi, the exhibition took place at the Kuwait International Fairground from 14 to 16 January. AAW's participation at Horeca aligns with the company's expansion strategy for this year, as it explores new channels targeting the HORECA (hotels, restaurants, and cafés) sector. The company has been a leader in the consumer goods sector in Kuwait, covering the main traditional trade channels, such as grocery shops, as well as the modern trade channels, including co-ops, key accounts, and e-commerce platforms. For over 100 years, AAW has consistently met consumer needs and exceeded their expectations by providing high-quality products to the market. AAW's booth at the HORECA event showcased the company's diverse portfolio across various categories. In the non-food category, they presented a range of household products from brands such as Proctor & Gamble, including Tide, Ariel, Deepio, Fairy, Downy, Pampers, Always, Gillette, and Venus, as well as Clorox products. Their range of food products included brands like Hershey's, Lindt, Reese's, Folgers, Al-Aqsaa Rice, Peshawar Rice, and Werther's Original. AAW also featured outdoor adventure gear from brands such as Coleman, Klean Kanteen, Miir, and Campingaz. This year, the HORECA exhibition was marked by local and international participation from the hospitality and tourism sectors. Over 100 companies, 500 global brands, and more than 8,000 specialized visitors attended. The event featured workshops and seminars on topics such as tourism, sustainability, food, environment, and hospitality, alongside competitions in culinary arts, barista, mocktail, and housekeeping, judged by international experts. Ali Abdulwahab Al Mutawa Commercial Co. is one of Kuwait's trading and commercial companies, with business operations across a range of growing sectors, such as Consumer Goods, Pharmaceuticals, Furniture, Real Estate, Kitchen & Home Appliances, Outdoor Equipment, Sports and Lifestyle and Food & Beverages. The company represents over 200 global brands in Kuwait's retail and distribution market.
