New Investments

Egyptian Logistics Startup OneOrder Secures $16 Million in Series A Funding For Expansion

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OneOrder, a leading Egyptian logistics company, has secured $16 million in a Series A funding round.

The investment, a mix of equity and debt, will propel the company’s expansion into the Gulf Cooperation Council (GCC) region later this year.

The funding round was led by Delivery Hero Ventures, with participation from Norrsken22, existing investors Nclude and A15.

This comes on the heels of OneOrder’s successful $3 million Seed round in December 2022.

OneOrder addresses inefficiencies in the hospitality industry’s supply chain across Africa and the Middle East and North Africa (MENA) region.

The company tackles challenges arising from fragmented supplier networks and manual processes that plague the hotel, restaurant, and catering (HoReCa) sector.

These issues lead to limited price transparency, difficulties in obtaining high-quality ingredients, excessive waste and storage costs, and restricted access to financing for business growth.

“Traditionally, restaurants and hotels juggle interactions with countless suppliers, receiving multiple deliveries daily, causing disruptions and inventory shortages,” explained Tamer Amer, CEO of OneOrder.

He further emphasized that existing solutions merely digitize the problem.

“Unlike basic Enterprise Resource Planning (ERP) systems, OneOrder acts as a comprehensive solution, streamlining the entire supply chain. We house a vast selection of ingredients in strategically located warehouses, catering to all restaurant needs,” Amer elaborated.

The Egyptian food service market is projected to reach $18.14 billion by 2029, reflecting a significant growth trajectory.

Founded in 2022 by Tamer Amer and Karim Maurice, OneOrder leverages technology to connect restaurants directly with local suppliers for their daily procurement needs.

The platform tackles issues including product availability, price fluctuations, consistency, delivery efficiency, and access to working capital.

Brendon Blacker, Managing Partner at Delivery Hero Ventures, expressed optimism about the investment’s impact. “This funding will empower OneOrder to expand its services geographically, replicating the success it has achieved in Egypt across the GCC region,” Blacker stated.

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