Egyptian supply chain solutions provider OneOrder has raised $3m in seed funding from investors including Nclude, A15 and Delivery Hero Ventures.
The funding will allow the startup to grow its operations in Egypt, including increasing its warehouse footprint and exploring potential opportunities for growth in the Gulf Cooperation Council and Africa.
OneOrder is a newly launched platform that helps restaurants to order their food supplies online, resolving the fragmented supply chain problems that often result in unpredictable prices, waste, quality issues, and storage costs.
By using the platform, restaurants can avoid dealing with multiple suppliers and order only what they need for next-day delivery. This helps to reduce waste and eliminates the need for warehouses.
The platform also ensures operational efficiency and helps restaurants save money by leveraging OneOrder's economies of scale.
The startup plans to extend working capital financing options to restaurants through its partners, using its extensive data to help underserved clients who are unable to secure traditional financing.
OneOrder was founded by CEO Tamer Amer, who has over two decades of experience in the restaurant industry, and CTO Karim Maurice, the founder of online restaurant-reservation service Cube.
Amer said the supply chain challenges he faced while operating two restaurants in Egypt inspired him to launch OneOrder, which serves Egypt's total addressable market of 400,000 restaurants.
Basil Moftah, the managing partner at Nclude, said the product-market fit of OneOrder's solution was "very impressive" and had a "positive impact" on all stakeholders in the value chain.
He added that OneOrder's embedded financing would help clients unable to secure traditional financing, aligning with Nclude's investing philosophy.
This brings the startup's total funding to $10.5m, including $6.5m working capital financing from financial institutions