{"id":78913,"date":"2024-05-30T00:00:00","date_gmt":"2024-05-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/05\/30\/grubtech-closes-usd-15-mn-series-b-round-as-it-plans-global-expansion\/"},"modified":"2024-05-30T00:00:00","modified_gmt":"2024-05-30T00:00:00","slug":"grubtech-closes-usd-15-mn-series-b-round-as-it-plans-global-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/05\/30\/grubtech-closes-usd-15-mn-series-b-round-as-it-plans-global-expansion\/","title":{"rendered":"GrubTech closes USD 15 mn series B round as it plans global expansion"},"content":{"rendered":"

Dubai-based F&B platform <\/strong>GrubTech<\/a><\/strong> raised USD 15 mn in a series B funding round led <\/strong>by KSA-based <\/strong>Jahez Group<\/a><\/strong> \u2019s VC arm<\/strong>, according to a press release<\/a>. The round also saw participation from existing investors US-based Addition<\/a> and Oryx Fund<\/a>, Hambro Perks\u2019 MENA-focused VC.<\/p>\n

Where will the money go? <\/strong>The company will pour the raised capital towards its expansion into Saudi Arabia, Europe, and the UK. In parallel with the expansions, the funds will go towards powering GrubTech\u2019s logistical operations by streamlining omnichannel, expediting delivery times, and accelerating sales growth. GrubTech also looks to enhance speed of services by 25% while also saving on operational expenses and reducing waste. <\/p>\n

About GrubTech<\/strong>: Founded in 2019, GrubTech is a SaaS solution and commerce platform for the F&B sector and integrates online ordering to downstream applications such as POS, ERP, 3PL, and loyalty programs, the statement said. Active across 18 markets, Grubtech allows users to boost multi-channel sales and fulfillment, speed up deliveries, and increase efficiency while cutting back on waste.<\/p>\n","protected":false},"excerpt":{"rendered":"

The raised funds will go towards financing the startup\u2019s KSA, UK, and Europe expansions<\/p>\n","protected":false},"author":1,"featured_media":78914,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[172],"tags":[171,124,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-startup-watch","tag-supply-chains","tag-uae","wpautop","entry"],"acf":{"mongo_id":"9c0f21c4-3e1e-4fd3-884d-37a29119017a","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2467.jpg","photo_position":"above","homepage_title":"","full_issue_title":"GrubTech closes USD 15 mn series B round as it plans global expansion","related_issue":[78899],"teaser":"The raised funds will go towards financing the startup\u2019s KSA, UK, and Europe expansions","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.f452205e-813c-4ac3-a21c-c87135af4fff.mp3"},"yoast_head":"\nGrubTech closes USD 15 mn series B round as it plans global expansion - 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