Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Kamco Invest acquired a stake in Foodics, Saudi Arabia’s cloud-based restaurant tech platform processing $10B GMV in 2024. The move complements Kamco’s regional tech investment strategy ahead of Foodics’ planned Tadawul IPO.
Lola, a Bahrain-based foodtech startup, raised US$1.3 million in a pre-seed funding round led by Vision Ventures and Plus VC. The investment will support Lola’s expansion in Saudi Arabia and the GCC region, enhancing its customizable cake-ordering service and enabling future product category growth in the personalized gifting market.