{"id":92502,"date":"2024-05-29T00:00:00","date_gmt":"2024-05-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/grubtech-bags-usd-15-mn-in-series-b-funding\/"},"modified":"2024-05-29T00:00:00","modified_gmt":"2024-05-29T00:00:00","slug":"grubtech-bags-usd-15-mn-in-series-b-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/29\/grubtech-bags-usd-15-mn-in-series-b-funding\/","title":{"rendered":"GrubTech bags USD 15 mn in series B funding"},"content":{"rendered":"

GrubTech secures USD 15 mn:<\/strong> Dubai-based F&B platform GrubTech<\/a> raised USD 15 mn in a series B funding round led by KSA-based Jahez Group<\/a> \u2019s VC arm, 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

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Next up, expansion:<\/strong> The startup will use the funding to scale up its business and expand into Saudi Arabia, Europe, and the UK, according to the statement. <\/p>\n

What they said: <\/strong>\"Our products empower our customers to continue using elements of their tech stack, like a POS, while adopting new sales channels and digital solutions seamlessly, getting rid of silos within operations and data,\u201d Grubtech's co-founder and CEO Mohamed Al Fayed said. \u201cWe are excited to continue our push into different markets where we've identified strong demand and growth potential,\u201d he added. <\/p>\n

About GrubTech:<\/strong> Founded in 2019, the ecommerce platform\u2019s flagship product, gOnline, is a comprehensive order management software designed to streamline and optimize restaurant operations by integrating all orders, payments, and operations into a unified dashboard.<\/p>\n","protected":false},"excerpt":{"rendered":"

The startup plans to expand into KSA, Europe and the UK.<\/p>\n","protected":false},"author":1,"featured_media":92503,"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":[1548],"tags":[7,678,1256,25,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam-uae","tag-food-and-beverage","tag-grubtech","tag-investment-watch","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"8bd1b603-027f-4ce2-aee3-d5c67e4bdeda","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2364.jpg","photo_position":"above","homepage_title":"","full_issue_title":"GrubTech bags USD 15 mn in series B funding","related_issue":[92484],"teaser":"The startup plans to expand into KSA, Europe and the UK.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.e074d041-5898-4fdb-a5ee-3e835d117c3b.mp3"},"yoast_head":"\nGrubTech bags USD 15 mn in series B funding - 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