Grubtech's $15M Funding Frenzy: A Game-Changer in the F&B and Quick Commerce Industry
May 29, 2024, 9:31 am
Location: United Arab Emirates, Dubai
Employees: 51-200
Founded date: 2019
Total raised: $36.8M
Grubtech, a dynamic SaaS platform based in Dubai, has recently made waves in the business world by securing a substantial $15 million in funding. This financial boost, led by the prominent Jahez Group, is poised to catapult Grubtech into new territories, specifically Saudi Arabia, Europe, and the UK.
The funding round, which also saw participation from Addition and Oryx Fund, signifies a significant milestone for Grubtech and its ambitious expansion plans. The company, under the leadership of CEO Mohamed Al Fayed, is set to leverage this capital infusion to accelerate its geographic reach and solidify its position as a key player in the F&B and Quick Commerce sectors.
Grubtech's core offering revolves around a cutting-edge SaaS integration and unified commerce platform that empowers businesses in the food and beverage industry. Through its flagship solution, gOnline, Grubtech provides users with a seamless and efficient way to integrate various online and in-store ordering channels into their existing systems, such as POS, ERP, inventory management, third-party logistics, and loyalty programs.
What sets Grubtech apart is its ability to streamline operations, enhance customer experience, and drive growth for businesses across 18 markets. While initially focused on the F&B sector, Grubtech has expanded its customer base to include leaders in the quick commerce space, such as groceries and pharmacies.
In a statement following the funding announcement, Mohamed Al Fayed emphasized the rapid growth of online F&B and quick commerce sales, highlighting the importance of empowering customers to adapt to evolving market trends seamlessly. By eliminating operational silos and harnessing the power of digital solutions, Grubtech aims to revolutionize the way businesses operate and engage with their customers.
The impact of Grubtech's solutions is evident in the tangible benefits experienced by its customers. By leveraging the platform, businesses can significantly increase sales volumes across multiple channels, improve fulfillment times, and access real-time data for strategic decision-making. Operators can expect to double sales per square meter, enhance service speed by 25%, and reduce operating expenses, ultimately driving profitability and efficiency.
Abdulaziz Alhouti, Chief Investment Officer of Jahez Group, expressed enthusiasm for the partnership with Grubtech, citing the value of the platform's integration capabilities for merchants. As Grubtech continues to innovate and expand into new markets, the future looks promising for the company and its mission to redefine the F&B and Quick Commerce landscape.
In conclusion, Grubtech's recent funding success marks a significant milestone in its journey towards industry disruption and innovation. With a focus on seamless integration, unified commerce, and customer empowerment, Grubtech is poised to reshape the way businesses operate and thrive in the digital age.
The funding round, which also saw participation from Addition and Oryx Fund, signifies a significant milestone for Grubtech and its ambitious expansion plans. The company, under the leadership of CEO Mohamed Al Fayed, is set to leverage this capital infusion to accelerate its geographic reach and solidify its position as a key player in the F&B and Quick Commerce sectors.
Grubtech's core offering revolves around a cutting-edge SaaS integration and unified commerce platform that empowers businesses in the food and beverage industry. Through its flagship solution, gOnline, Grubtech provides users with a seamless and efficient way to integrate various online and in-store ordering channels into their existing systems, such as POS, ERP, inventory management, third-party logistics, and loyalty programs.
What sets Grubtech apart is its ability to streamline operations, enhance customer experience, and drive growth for businesses across 18 markets. While initially focused on the F&B sector, Grubtech has expanded its customer base to include leaders in the quick commerce space, such as groceries and pharmacies.
In a statement following the funding announcement, Mohamed Al Fayed emphasized the rapid growth of online F&B and quick commerce sales, highlighting the importance of empowering customers to adapt to evolving market trends seamlessly. By eliminating operational silos and harnessing the power of digital solutions, Grubtech aims to revolutionize the way businesses operate and engage with their customers.
The impact of Grubtech's solutions is evident in the tangible benefits experienced by its customers. By leveraging the platform, businesses can significantly increase sales volumes across multiple channels, improve fulfillment times, and access real-time data for strategic decision-making. Operators can expect to double sales per square meter, enhance service speed by 25%, and reduce operating expenses, ultimately driving profitability and efficiency.
Abdulaziz Alhouti, Chief Investment Officer of Jahez Group, expressed enthusiasm for the partnership with Grubtech, citing the value of the platform's integration capabilities for merchants. As Grubtech continues to innovate and expand into new markets, the future looks promising for the company and its mission to redefine the F&B and Quick Commerce landscape.
In conclusion, Grubtech's recent funding success marks a significant milestone in its journey towards industry disruption and innovation. With a focus on seamless integration, unified commerce, and customer empowerment, Grubtech is poised to reshape the way businesses operate and thrive in the digital age.