{"id":79999,"date":"2024-07-29T00:00:00","date_gmt":"2024-07-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/29\/emirati-startup-watermelon-market-secures-usd-4-mn-in-series-a-funding-round\/"},"modified":"2024-07-29T00:00:00","modified_gmt":"2024-07-29T00:00:00","slug":"emirati-startup-watermelon-market-secures-usd-4-mn-in-series-a-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/29\/emirati-startup-watermelon-market-secures-usd-4-mn-in-series-a-funding-round\/","title":{"rendered":"Emirati startup Watermelon Market secures USD 4 mn in series A funding round"},"content":{"rendered":"

<\/strong>Dubai-based food supply ordering platform <\/strong>Watermelon Market<\/a><\/strong> secured <\/strong>USD 4 mn <\/strong>in a series A funding round<\/strong>, Khaleej Times<\/a> writes. The funding saw participation from prominent investors \u2014 with Daman Investments acting as the exclusive fundraising advisor \u2014 giving new investors a 13.8% stake and valuing the company at USD 29 mn.<\/p>\n

Where is the money going?<\/strong> Watermelon plans to use the money to expand locally and regionally and to enhance their product offerings, Watermelon CEO Omar Al Shamsi was quoted as saying.<\/span><\/p>\n

About Watermelon: <\/strong>Founded in 2020, Watermelon connects over 200 suppliers with 400 restaurants, according to the Abu Dhabi SME Hub<\/a>. Watermelon concluded its seed funding round back in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fundraising round gave new investors a 13.8% stake in the 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startup Watermelon Market secures USD 4 mn in series A funding round","related_issue":[79982],"teaser":"The fundraising round gave new investors a 13.8% stake in the company","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.47111e5b-e886-4fae-8c4e-614af76abdc2.mp3"},"yoast_head":"\nEmirati startup Watermelon Market secures USD 4 mn in series A funding round - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/07\/29\/emirati-startup-watermelon-market-secures-usd-4-mn-in-series-a-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emirati startup Watermelon Market secures USD 4 mn in series A funding round\" \/>\n<meta property=\"og:description\" content=\"The fundraising round gave new 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