Egyptian logistics startup OneOrder has successfully secured $16 million in a Series A funding round, comprising a mix of equity and debt financing. The round was led by Delivery Hero Ventures, with participation from Norrsken22, Nclude, and A15, the company’s existing investors. Founded in 2022 by Tamer Amer and Karim Maurice, OneOrder is a tech-enabled supplier and wholesale distributor that specializes in providing quality goods with embedded financing to the food and beverage (F&B) industry. The company is set to expand its operations into the Gulf Cooperation Council (GCC) region, starting with the United Arab Emirates, by autumn 2024. This funding round follows a successful pre-Seed round and a $3 million seed round in February and December 2022, respectively.
OneOrder aims to address the challenges faced by the hotel, restaurant, and catering (HoReCa) industries in Egypt, which are plagued by fragmented supply chains and manual processes leading to inefficiencies and limited access to quality stock-keeping units (SKUs). Tamer Amer, CEO of OneOrder, highlighted the company’s comprehensive approach to streamlining the supply chain, offering a one-stop-shop solution that simplifies the procurement process for businesses. Through its web-based platform and mobile application, OneOrder provides customers with a virtual warehouse for online ordering, delivery of over 700 SKUs, analytics for operational management, and embedded financing options to support business growth.
OneOrder’s technology not only enhances supply chain efficiency but also streamlines financing and payment processes, integrating seamlessly with ERP/POS systems. The company has collaborated with the Commercial International Bank Egypt (CIB) to enable variable payments through direct debit, a feature typically offered only by banks and financial institutions in Egypt. Amer emphasized the company’s commitment to leveraging technology to automate tasks, empower customers, and drive operational efficiency, enabling them to focus on strategic decision-making. The successful funding round positions OneOrder for further growth and expansion into the GCC region, underscoring its dedication to revolutionizing the F&B industry with innovative solutions.
