Taker raises six-figure seed funding and is set torevolutionize online F&B sector

Saudi Arabia: Taker, the leading Saudi-based Software as a Service (SaaS) startup that provides an online ordering management platform for restaurants, has announced today, that the company has raised an undisclosed amount of seed funding. The investment round was led by 500 Startups, Saudi Venture Capital (SVC) and a group of leading angel investors. The newly raised funds will be deployed to invest in Research and Development(R&D) to adapt with the new trends in the market and further augment its proprietary technology platform.

Founded in January 2019, by CEO, Abdullah Alsaadi, Taker is at the forefront of revolutionizing the online Food & Beverage (F&B) industry, a category that is rapidly developing and is worth billions of dollars globally. It is the most advanced management platform for restaurants of any size who want to open their online branch and scale customer orders. The company is unique as its service takes care of all of the problems involved in developing a website and/or building an app to order food online. Restaurants that sign up with Taker can get their own branded ordering channels, almost instantly.

Furthermore, Taker also integrates its system with the restaurant POS systems and payment gateways and additional add-on services. These significant features play a major role to improve efficiency and streamline their internal operations inside the kitchen and manage the increased volume of orders.

Commenting on the fund-raising announcement, Mr. Alsaad said: “We are proud to have such prestigious and judicious investors that not only provide us with capital but also have vast strategic experience in the region. Among themselves, our investors have backed some of the most disruptive companies in tech and are confident that Taker has great potential to become the market leader in the years ahead.

“At Taker, our mission is to make the food ordering process easy and delightful for both our clients and their customers. With the newly raised capital, our highly ambitious team looks forward to further enhance our online capabilities. With the onset of COVID-19, over the past few weeks, we have witnessed a significant surge in demand for our services and hope to see more offline restaurants take advantage of our offerings as we forge ahead to  meet the growing demand by facilitating a  robust online ordering management platform. ”

Sharif El-Badawi, Managing Partner, 500 Startups said: “Surging demand for online food ordering has resulted in many offline restaurants signing up with Taker within a short period of time. Abdullah and his team have been working very hard to achieve double-digit growth month-on-month and this has made us proud. Their niche product has found an end-to-end solution that works successfully for their clients and stands as a testament of Taker’s positioning, as one of the leading platforms in the MENA region. We are excited to collaborate with Taker and look forward to a great future for the company.”

“Some of Taker's clients had previously failed in app development and building customized websites. having switched to our platform, they have witnessed greater brand visibility, and increased volume of orders on their app compared to some of the food aggregation apps thereby resulting in huge savings on commission payouts. We believe that in terms of feature-density, user experience, and quality of integrations, we are the best-in-class B2B software-as-a-service provider in the F&B sector,” added Mr. Alsaadi.

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About Taker

Taker, is an online ordering management platform pioneering the future of the food and beverage (F&B) industry. Established in 2019, Taker offers the most advanced and powerful technology, allowing F&B businesses of any size to effortlessly manage the entire process in one single place.

With online food ordering and delivery becoming the global trend of the day, Taker supports restaurants to adapt with customers changing behavior and meet their service expectations. More than 300 stores have signed up-to-date and include: Shawarma House, Alnadeg, Anoosh, 1/2M.  They have been able to leverage the state-of-the-art-technology, ‘consumer-level’ design and a revolutionary business model that is transforming the food ordering experience for Taker’s clients to expand their customer reach digitally. Taker is now poised to revolutionize the food industry with an end-to-end solution that works with great success. For any further information on Taker please visit our website: https://taker.io/ 

About 500 Startups MENA;

Silicon-Valley based 500 Startups, the most active early-stage Venture Capital Fund in the Middle East and North Africa (MENA) region was established in 2012.  Since its first investment in the region, 500 Startups has committed to investments in over 150 startups across the region. With the launch of 500 Falcons, a MENA focused fund in 2017, 500 Startups plans to invest in approximately 100-150 companies over a three-year period in addition to follow-on investments into the top performing companies. For further information, please check our website: https://mena.500.co/mena/  

For any further information on Taker please contact:
Abdullah Alsaadi
CEO, Taker
Email: abdullah@taker.io 

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© Press Release 2020