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KSA’S Taker Raises Six-Figure Seed Fund to Expand SaaS to Bring Restaurants Online

Only a year old, Taker’s B2B software has managed to shake up the food ordering market in Saudi Arabia.

SaaS startup Taker has announced a six-figure seed fund led by 500 Startups and Saudi Venture Capital Company to help expand the platform that brings restaurants online. Using a subscription model, Taker allows restaurants to create their own standalone e-commerce websites and apps, reducing reliance on multi-vendor platforms such as Delivery Hero and Talabat, who usually take a commission on every order. Instead, Taker lets restauters own their customer base and the data generated by them by creating their own online points-of-sale.

“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,” says Taker’s Founder and CEO Abdullah Alsaadi.

By freeing restaurants from the high commission percentages often charged by food delivery aggregators, as well as letting restaurateurs customise and brand their online presence, Taker has seen a huge uptake among the Saudi food and beverage industry - especially as the Coronavirus pandemic sees more and more restaurants rely on delivering to their customers to keep afloat during lockdowns.

“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,” says Sharif El-Badawi, Founding Partner of 500 Startups.

Find out more about Taker here.

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