Dailymealz, a Riyadh-based food subscription app, has closed its SAR 20 million preseries A round with a strategic investment from Saudi Airlines Catering and participation from Hala ventures, MLM investment company, VEDA holding, Seedraventures and other angel investors.
The Saudi startup partners with different restaurants and cloud kitchens to offer their food as part of its meal plans. The food is delivered by its own network of freelance drivers. Dailymealz has built in-house technology to ensure maximum utilisation of drivers who deliver multiple orders in every trip. The grouped deliveries result in much better economics for Dailymealz when compared with traditional food delivery players who offer on-demand delivery.
The fresh funds will be used to support Dailymealz’s growth by introducing new products and expanding geographically.
