Fine Diner raises $150,000 in Seed round
UAE-based foodtech Fine Diner has raised $150,000 in Seed funding from angel investors.
Founded in 2019 by Sami Elayan, Saed Elayan, and Zaid Azzouka, Fine Diner is a B2B2C a food delivery and cloud kitchen platform that helps restaurants utilise spare capacity to allow them to host third-party delivery brands.
The company will use the funds to expand its food delivery concepts to the rest of the Emirates, and across the GCC.
Dubai-based food delivery company, Fine Diner, has secured $150K in SEED funding.
Founded in 2019, Fine Diner Inc. develops food delivery brands. The Fine Diner business model eliminates the risk of launching fresh new brands into the food delivery space by eliminating OPEX and CAPEX.
Sami, Fine Diner CEO and co-founder, explains the business as “a B2B2C platform that leverages and utilises the spare capacity in fully equipped and underutilised kitchens allowing them to host third-party delivery specific restaurants increasing their revenue stream and efficiency”.
Faisal Alabdelsalam, the Lead Angel Investor, explains, “We saw an opportunity with the Fine Diner Team that we couldn’t let pass. The team is diverse and has built a business model that is very creative, lucrative and scalable. The Team’s leadership has an ironclad entrepreneurial mindset and will find solutions to multiple challenges to achieve their vision of building the largest network of kitchens in the Middle East while minimizing, if not eliminating, the CAPEX and OPEX risks of traditional dark kitchen models”.
“Working with Fine Diner over the last 2 years has been extraordinary”, explained Bernard Fantoli Cluster, General Manager for TIME Hotels. “Ever since the beginning, we have seen volumes of orders increase, as a result of our Ghost Kitchen concept. This journey together with Fine Diner helped us increase our F&B revenue by 15%, our teams are now implementing the same within our sister hotels kitchen to further develop this successful concept."
The company will be utilising the funds to expand its food delivery concepts to the rest of the Emirates, and across the GCC.