Foodics, a Saudi startup that provides cloud-based point of sale solutions to food and beverage businesses including restaurants and cafes in the GCC has closed its bridge round from Kuwait’s Faith Capital and others, the startup announced today, without disclosing the size of investment. It is the second disclosed financing round for Foodics, the first one being $4 million Series A that it had raised in late 2017.
Founded by Ahmad Alzaini and Musab Alothmani in 2016, Foodics’ iPad-based restaurant management platform that runs on cloud, enables restaurants and food chains to optimise transactions, inventory, employee scheduling, logistics, delivery, loyalty programmes and integrate with hundreds of third-party apps.
The startup had originally started as a software development agency for restaurants but transformed into a product-based software as a service (SaaS) startup in 2016.
Foodics claims to have onboarded 4,000 clients and deployed 10,000 terminals all over the Middle East since its launch in 2016. The startup in a statement said that their solution is being used by all types of F&B businesses including restaurants, food trucks, cafes, bakeries, and fast food chains across the region.
Ahmad Al-Zaini, the Co-Founder and CEO of Foodics, commenting on the occasion, said, “Being present in five locations across the Mena region and having processed more than a billion orders, our mission at Foodics is to provide a restaurant management system that is built with our users in mind and grows with their needs.”