- Foodics successfully acquired a UK-based Solo Venture to expand its self-ordering technology.
- The company is investing in three different startups focusing on AI, data analytics, and supply chain solutions.
- Foodics already allocated $100 million for strategic investments over the next three years.
The MENA-based restaurant technology and payments company, Foodics, has acquired Solo Venture, which offers self-ordering technology and app solutions for restaurants.
This recent acquisition marks a significant advance in enhancing digital ordering channels and integrating AI-driven solutions. Additionally, it will improve Foodics’ strategy and operational efficiency in the food and beverage (F&B) sector.
Solo Venture specializes in self-service ordering technologies, allowing restaurants to expand sales channels and streamline operations.
Foodics has incorporated Solo’s technology into its platform to provide a more seamless experience for restaurants. This integration combines dine-in, online ordering, and payments into a single, unified system.
“This acquisition is a significant step in our mission to build the most comprehensive restaurant management platform in MENA and beyond.”
Ahmad Al-Zaini, CEO and Co-Founder of Foodics
Foodics Invests Emerging Technologies
The company is investing in three different startups that focus on AI, data analytics, and supply chain solutions. One of these startups is Norma, an AI-driven data analytics firm that helps businesses understand customer behavior to make informed decisions.
The investment also includes Add, an integrated accounting system that simplifies financial reporting, and Arzaq Plus, a platform for supply chain management.
Recently, the company allocated around $100 million for acquisitions and strategic investments over the next three years. It will be focusing on fintech, AI, and transformational technologies.
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