Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, December 07 2021 - 15:00
AsiaNet
GrubTech Raises $13 Million in Series A Funding Round to Accelerate Its International Growth Strategy
DUBAI, UAE, Dec. 7, 2021 /PRNewswire/ --

GrubTech, a plug and play, all-in-one operating system for restaurants and 
cloud kitchens, announced it has successfully raised a $13 Million Series A 
investment led by Addition. Other investors in this round include BY Ventures 
and Hambro Perks Oryx Fund. 

Photo - https://mma.prnewswire.com/media/1703658/Cofounders.jpg

GrubTech Raises $13 Million in Series A Funding Round
Founded in 2019 to address the F and B sector's gap in technology solutions for 
modern operations, GrubTech's all-encompassing software powers various 
functions including back of house, in kitchen operations, integrations with 
food aggregators and an omni-channel point of sale.  

"Legacy technology in the F and B space hasn't kept pace with the speed in 
which the sector is transforming. This results in a fragmented set of solutions 
that a restauranteur or cloud kitchen operator is forced to sift through and 
stitch up.  Not only does this complicate their operation, but it also slows 
down their ability to expand. We fixed that with an easy to use, all in one 
stack that's future proof," said Mohamed Al Fayed, GrubTech's Co-Founder and 
CEO. 

GrubTech's restaurant management system enables its customers to operate more 
efficiently, provide a better experience for dine-in and online customers, and 
increase sales by effortlessly operating multiple brands from a single 
location. The all-in-one platform provides customers with unparalleled 
operational and sales data, allowing them to make more informed decisions on 
how they run their business and capitalize on growth opportunities. 

GrubTech's customers experience a doubling of sales per square meter through 
multi-tenanting across food platforms, and unlocks the creation and hosting of 
new brands using existing resources. The easily deployable software enables a 
25% reduction in time from when an order is placed until it is delivered, and a 
35% increase in margins by maximizing efficiency of fixed costs and wastage. 

Omar Rifai, GrubTech's Co-Founder and Chief Growth Officer added: "Consumers 
are demanding a technology enabled experience when engaging with their favorite 
F and B brands, whether it's on premise, take out or online. GrubTech was built 
from the ground up to empower our clients to better serve their customers 
across multiple fronts."

Used by clients across 15 countries in the Middle East, Africa, Asia and 
Europe, GrubTech recently celebrated a milestone of processing 2 million 
orders.  The company plans to use the funds to continue developing innovative 
solutions and further extend its reach into new markets. 

To learn more about GrubTech's cloud kitchen management software, visit 
www.grubtech.com. 

SOURCE  GrubTech