[ad_1]
(MENAFN) Bahrain-located startup Calo collected USD13 million in a pre-series A funding part co-ruled by enterprise capital firms Nuwa Capital in addition to STV.
Created 3 years in the past (2019), Calo is a foodtech agency that serves customized meal funds for demanding individuals by way of its wholesome in addition to menu that has a variety of greater than 500 selections.
Functioning in Saudi Arabia, Bahrain, the UAE, in addition to Kuwait, the agency prepares to make use of its funding to double down on present markets whereas looking for prospects for native progress.
Calo has just lately declared its progress into Jeddah and Dammam in Saudi Arabia in addition to extra cities within the UAE and Kuwait.
“We’re delivering tens of millions of meals per yr and have persistently been quadrupling in progress yr over yr. We foresee this development persevering with over the following few years because the wellness wave continues to develop,” in keeping with Ahmed Alrawi, chief govt of Calo, in a press announcement.
MENAFN11122022000045014228ID1105294446
Authorized Disclaimer:
MENAFN supplies the knowledge “as is” with out guarantee of any sort. We don’t settle for any accountability or legal responsibility for the accuracy, content material, photographs, movies, licenses, completeness, legality, or reliability of the knowledge contained on this article. You probably have any complaints or copyright points associated to this text, kindly contact the supplier above.
[ad_2]
Source link
