Egyptian FinTech for restaurants OneOrder secures $3M seed round

Egyptian FinTech-enabled restaurant management platform OneOrder recently secured a $3 million seed round, according to TechCrunch.

Founded in 2021, OneOrder offers a one-stop shop for those in the HoReCa (hotels, restaurants, and catering) industries to solve supply chain pain points, allowing them to source their produce and equipment through a personalized dashboard.

The new funds will be directed towards boosting its in-house operations and tech talent, scale its sales force to build its market share, and will enable the startup to invest heavily in its proprietary technology. OneOrder also aims to scale its offline presence and expand its warehouse footprint across Egypt and the MENA region.

The startup is looking to solve issues such as a lack of product availability, price fluctuations, product consistency, on-time and accurate delivery, and a lack of working capital financing, which will support standardizing quality, prices, and delivery times.

“As a restauranteur myself, I have witnessed first-hand the avoidable overheads and hassles HoReCa businesses go through in serving their customers… [aside from] improving efficiency, we are reducing costs and impacting restaurants’ bottom lines - saving them time through operational efficiency and money through improved purchasing power and economies of scale,” said OneOrder’s Cofounder and CEO Tamer Amer in a statement.

OneOrder secured a $1 million funding round, led by A15, back in February during its launch.

The latest round was led by local FinTech fund Nclude, as well as investments from Delivery Hero Ventures, a fund backed by global food delivery giant Delivery Hero, and additional investment by A15.

By aggregating trusted and vetted suppliers on the platform, OneOrder significantly reduces the current process where restaurants liaise with suppliers and face poor fulfillment quotas due to a fragmented and opaque supply chain, explained the statement.