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Saudi foodtech Barakah raises investment from FoodLabs

Waleed Khaled
Waleed Khaled

1 min

Barakah, an online marketplace fighting commercial food waste, secures strategic funding led by FoodLabs, marking their entry into the MENA region.

FoodLabs, a successful European VC specializing in foodtech, sees Barakah's potential in tackling global challenges. Their investment signals support for startups in the region and aligns with Barakah's sustainability mission.

Founded in 2022, Barakah connects food retailers with consumers to sell surplus products and discounted meals, reducing waste and offering affordable food options.

Barakah has sold over 400 thousand meals across six Saudi cities and partnered with 800 merchants, including global and local brands like Dunkin and Tim Hortons.

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CEO Abdulaziz Al-Saud is proud of their journey and looks forward to growth with FoodLabs' support. FoodLabs' Founder, Christophe Maire, sees Barakah as a venture driving impact and growth.

This funding milestone sets Barakah for further expansion in Saudi Arabia and new GCC markets, backed by FoodLabs' expertise.

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