UAE – Mubasher: UAE-based restaurant-tech Growdash has raised $750,000 in a pre-seed funding round to scale up business across the GCC region, according to a press release.
The round was led by Flat6Labs, Plus Venture Capital (+VC), Judah VC, TPN Investments, and angel investors, including former CEO of Talabat, Abdulhamid Alomar, and serial entrepreneur, Zeid Husban.
The tech platform will use the proceeds of the funding to deploy new talent, boost its proprietary capabilities with advanced features, and expand its services in the region.
Founded in 2022, Growdash aims to help restaurants unlock the power of analytics and business intelligence to execute growth strategies that positively impact bottom-line profitability.
The company currently operates in the UAE and Kuwait. It will launch its software as a service (SaaS) offering in Qatar and Saudi Arabia this year, followed by inroads into the wider region in early 2024.
Sean Trevaskis, Co-Founder and CEO of Growdash, said: “We are proud to have grown by over 500% this year, so far, which truly validates the problem we are solving for restaurants.”
“This funding will help us further accelerate our growth and achieve our goal of empowering restaurants everywhere to stand out in the highly competitive online food delivery landscape,” Trevaskis added.
Enver Sorkun, Co-Founder and CPO at Growdash, commented: “We currently help over 150 restaurant brands and the leading regional Food Aggregators achieve greater synergy so that restaurants can finally experience the full opportunity that's on offer to acquire new customers and grow their revenue without taking huge investment risks with growth budgets.”
