Egypt’s OneOrder, solving the challenge of sourcing and procuring supplies on time for restaurants, has raised $3 million in seed funding led by Nclude.
The seed round, which brings OneOrder’s total funding raised to $10.5 million, including $6.5 million in working capital financing from financial institutions, also received participation from A15, and Delivery Hero Ventures.
The company asserts to be a reliable business partner covering all procurement needs, with a goal to be the one-stop-shop for sourcing top-quality supplies at the best prices through a streamlined digital ordering process.
Now, it plans to scale its operations in Egypt, increase its warehouse footprint, and explore growth opportunities within the Gulf Cooperation Council (GCC) region, and Africa.
Founded by Tamer Amer and Karim Maurice, OneOrder was launched in March this year to enable restaurants place orders for food supplies through its online platform without facing the hassles of fragmented supply chains that lead to volatile prices, waste, quality issues, and storage costs.
Beyond the supply chain and inventory management system, the company is working on a more substantial operating system for the restaurants. It is focused on a full cycle that would turn their operations automatic by using AI and machine learning capabilities to drive the supply chain.
Leveraging data and partnerships, OneOrder will begin extending working capital financing options to restaurants as a way of helping them scale their operations. This will further help underserved clients who are unable to secure traditional financing.
