OneOrder, an Egyptian supplier of supply chain management systems, has secured $3 million in initial capital from backers such as Nclude, A15, and Delivery Hero Ventures.
With the money, the firm 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.
A recently created platform called OneOrder enables restaurants to buy their food supplies online, addressing the challenges with fragmented supply chains that can lead to unpredictably high pricing, waste, poor quality, and expensive storage.
Through the platform, restaurants may order exactly what they need for next-day delivery and avoid dealing with several vendors. This reduces waste and does away with the necessity for warehousing.
Through the use of OneOrder's economies of scale, the platform also guarantees operational effectiveness and assists restaurants in making financial savings.
Through its partners, the firm intends to provide working capital finance solutions to restaurants, leveraging its vast data to assist underserved customers who are unable to get conventional funding.
CEO Tamer Amer, who has over 20 years of expertise in the restaurant business, and CTO Karim Maurice, who also established the online restaurant reservation service Cube, launched 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.
The managing partner at Nclude, Basil Moftah, praised OneOrder's solution for having a "quite amazing" product-market fit and a "good effect" on all value chain participants.
In line with Nclude's investment ethos, he said, OneOrder's integrated funding will assist customers who were unable to get conventional financing.
The business now has $10.5 million in total financing, which includes $6.5 million in working capital financing from banking institutions.
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