OneOrder, an Egyptian provider of supply chain management systems, has raised $3 million in seed capital from backers such as Nclude, A15, and Delivery Hero Ventures. With the money, the company will be able to expand its operations in Egypt, particularly by expanding its warehouse footprint and looking at expansion possibilities in the Gulf Cooperation Council and Africa.
OneOrder is a newly released platform that enables restaurants to order food supplies online, thereby addressing the fragmented supply chain concerns that frequently result in unpredictable prices, waste, quality difficulties, and storage costs.
Through its partners, the startup intends to offer working capital finance solutions to restaurants, using its vast data to assist underserved clients who cannot obtain conventional funding. CEO Tamer Amer, who has over 20 years of expertise in the restaurant business, and CTO Karim Maurice, who also founded online restaurant reservation service Cube, founded OneOrder.
OneOrder, which caters to Egypt’s entire addressable market of 400,000 eateries, was established by Amer in response to the supply chain difficulties he encountered while running two restaurants in Egypt.
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The managing partner at Nclude, Basil Moftah, praised OneOrder’s solution for having a “quite amazing” product-market fit and a “good impact” on all value chain participants. In line with Nclude’s investing ethos, he continued, OneOrder’s embedded funding will assist clients who were unable to obtain traditional financing. The business now has $10.5 million in total finance, which includes $6.5 million in working capital financing from financial institutions.