- The platform also ensures operational efficiency and helps restaurants save money by leveraging OneOrder’s economies of scale.
Egyptian supply chain solutions provider OneOrder has raised $3m in seed funding from investors including Nclude, A15 and Delivery Hero Ventures.
The funding will allow the startup to grow its operations in Egypt, including increasing its warehouse footprint and exploring potential opportunities for growth in the Gulf Cooperation Council and Africa.
OneOrder is a newly launched platform that helps restaurants to order their food supplies online, resolving the fragmented supply chain problems that often result in unpredictable prices, waste, quality issues, and storage costs.
By using the platform, restaurants can avoid dealing with multiple suppliers and order only what they need for next-day delivery. This helps to reduce waste and eliminates the need for warehouses.
The startup plans to extend working capital financing options to restaurants through its partners, using its extensive data to help underserved clients who are unable to secure traditional financing.
‘I’m privileged to be able to join OneOrder’s board and support the company’s rapid expansion plans. The explosive growth of the business in the last year is testament to the huge value that OneOrder’s industry-focused solution has been able to generate for its HoReCa customers. I am very excited for the journey ahead with Tamer, Karim and the OneOrder team.’Brendon Blacker, Managing Partner at Delivery Hero Ventures
In Egypt alone, OneOrder has a TAM of 400,000 restaurants who on aggregate spend $40B annually. Lack of vertically integrated supply chains sees these restaurants spend between 6-7% of their revenues to ensure supply chain stability.
OneOrder’s timely proprietary tech platform engineers a seamless ordering process, offering users 360 degree visibility over their businesses with advanced analytics and reports. Among other goals, the start-up now intends to focus on the next stage of its AI and machine learning journey to enhance demand planning for restaurants making sure they are never out of stock, account for high and low seasons and eliminate waste.
OneOrder was founded by CEO Tamer Amer, who has over two decades of experience in the restaurant industry, and CTO Karim Maurice, the founder of online restaurant-reservation service Cube.
Amer said the supply chain challenges he faced while operating two restaurants in Egypt inspired him to launch OneOrder, which serves Egypt’s total addressable market of 400,000 restaurants.
“A15 is excited to continue backing Tamer, Karim and the entire OneOrder team on their journey to solve HoReCa procurement pain points in Egypt and beyond. Having met Tamer during the ideation stage of the company, we are proud of what OneOrder has achieved since launch and look forward to the next chapter of the story alongside our new partners.”Karim Beshara, Managing Partner of A15,
Basil Moftah, the managing partner at Nclude, said the product-market fit of OneOrder’s solution was “very impressive” and had a “positive impact” on all stakeholders in the value chain.
He added that OneOrder’s embedded financing would help clients unable to secure traditional financing, aligning with Nclude’s investing philosophy.
This brings the startup’s total funding to $10.5m, including $6.5m working capital financing from financial institutions