Latest news with #MoayedAlmoayed
Wamda
29-04-2025
- Business
- Wamda
Calo expands into UK by acquiring two local companies
Saudi Arabia-headquartered foodtech Calo has expanded into the UK by acquiring Fresh Fitness Food and Detox Kitchen. The acquisition strengthens Calo's foundation in the UK, integrating two respected brands aligned with its mission. Founded in Bahrain in 2019 by Ahmed Alrawi and Moayed Almoayed, Calo is a direct-to-consumer (D2C) foodtech that provides personalised meal subscriptions to a growing base of health-conscious customers. In December last year, Calo raised $25 million in its Series B funding round, led by Nuwa Capital, with participation from STV and Khwarizmi Ventures, along with regional family offices. Calo, which currently operates in the Kingdom of Saudi Arabia, United Arab Emirates, Bahrain, Qatar, and Kuwait, plans for a Saudi IPO by 2027. Source: Waya Bahraini foodtech startup Calo has expanded into the UK with the acquisition of UK-based meal delivery brands Fresh Fitness Food and Detox Kitchen. This marks its first international move beyond the GCC, aiming to build on its growth in the Middle East. The company stated that the UK was the logical first market outside of MENA due to timezone alignment, a shared language and a strong cultural fit. 'The UK is a key market for us,' said Ahmed Alrawi, Calo's founder and CEO, in comments shared by The Grocer. 'The integration of Fresh Fitness Food and Detox Kitchen strengthens our foundation in the UK with two highly respected brands whose values align perfectly with Calo's mission.' Additionally, Calo aims to further expand internationally into Europe and the United States. Calo is a Bahraini foodtech startup focused on healthy meal deliveries. Furthermore, it uses AI to tailor meal plans to individual fitness goals and dietary preferences. It was founded in 2019 in Bahrain and has since expanded its operations into Saudi Arabia, the UAE, Kuwait, and Qatar. Detox Kitchen will be integrated into Calo this month, while Fresh Fitness Food will be integrated in May. Furthermore, we will transition customers into Calo with similar meal plans to ensure continuity. With the acquisition, the startup aims to serve a broader customer base and offer healthy, customised meals that can be delivered daily. It is worth noting that at the end of December 2024, Calo secured a $25 million Series B funding round led by Nuwa Capital. Additionally, they received support from STV, Khawirzimi Ventures, and regional family offices. With the funding, they were planning to expand internationally through mergers and acquisition.
CairoScene
28-04-2025
- Business
- CairoScene
Calo Expands to UK With Fresh Fitness Food & Detox Kitchen Deals
Calo has entered the UK market by acquiring ready-meal brands Fresh Fitness Food and Detox Kitchen. Apr 28, 2025 Saudi-based foodtech startup Calo has officially expanded to the UK through the acquisition of two British ready-meal delivery brands: Fresh Fitness Food and Detox Kitchen. The move marks Calo's first international expansion outside the GCC since its launch in 2019. Founded in Bahrain by Ahmed Alrawi and Moayed Almoayed, Calo offers personalised meal subscriptions tailored to fitness and dietary goals. The company operates in Saudi Arabia, the UAE, Kuwait, and Qatar, and delivered over 10 million meals in 2024 alone. Calo's platform uses a nutritionist-approved algorithm to customise meal plans based on body metrics, fitness objectives, and user preferences. Following the acquisition, Fresh Fitness Food customers will transition to Calo in May, while Detox Kitchen customers will join the platform this month. Both groups will be shifted onto Calo's service with similar meal plan options. Calo's UK offering will include a range of ready-to-eat meals, starting at £11 per day. Meals will be prepared daily from a London-based kitchen, with deliveries handled by Calo's own fleet within London and by DPD across the rest of the country. The company is also exploring options to establish its own national delivery network. The UK expansion follows Calo's $25 million Series B funding round, led by Nuwa Capital with participation from STV and Khwarizmi Ventures, which valued the company at approximately $250 million. Calo plans to further its international expansion into Europe and the United States.
