Barakah Secures Investment from FoodLabs
The funding will enable Barakah's growth into other Saudi Arabian cities and further expansion outside the kingdom.
Saudi Arabia-based foodtech startup Barakah has secured a major investment from FoodLabs, marking the VC firm's entry into the MENA region.[1]
The money will enable Barakah's calculated growth into other Saudi Arabian cities and further expansion outside the kingdom.
FoodLabs is renowned for backing foodtech ventures in Europe. Founded in 2022 by Rabah Habiss and Abdulaziz Al Saud, Barakah connects food sellers with consumers, reducing waste and offering affordable, sustainable options.
Since its inception, Barakah has prevented the disposal of over 400,000 meals and gained popularity across Saudi cities.
In September 2023, Barakah secured $1.5 million in a Seed round led by Hambro Perks Oryx Fund.[2]
Too Good to Go, a UK-based company that has achieved success and is now operating under a similar business model in many European cities, had a significant influence on Barakah's concept. [3]
Barakah app sources the majority of its products from bakeries, cafes, restaurants, and grocery stores.