Foodics is Strengthening Self-Ordering Technology
MENA-based restaurant technology and payments company, Foodics, has acquired UK-based Solo Venture, a startup specializing in self-ordering technology for restaurants. This move reinforces Foodics’ commitment to enhancing digital ordering channels and integrating AI-driven solutions to improve restaurant operations. In the past decade, the world has seen a sharp increase in the use of technology to digitize the food business around the globe.
Solo Venture’s self-service ordering solutions help restaurants:
- Expand their sales channels
- Streamline operations
- Improve customer experience
By integrating Solo’s technology, Foodics now offers a unified platform that combines:
- Dine-in orders for restaurants and fine-dining
- Online ordering for take home packages
- Seamless payment processing for ease of paying and reducing queues at popular chains
“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 & Co-Founder of Foodics
Investing in AI & Supply Chain Solutions
Foodics isn’t just expanding itself with partnerships and mergers. Beyond acquisitions, The company is investing in three key startups focusing on AI, data analytics, and supply chain management:
- Norma – Uses AI-driven data analytics to help businesses understand customer behavior and make informed decisions.
- Add – An integrated accounting system that simplifies financial reporting for restaurants.
- Arzaq Plus – A supply chain management platform aimed at optimizing inventory and procurement for the F&B sector.
$100M Investment for Future Growth
Foodics has allocated $100 million for strategic acquisitions and investments over the next three years. This fund aims to make the company future-proof. They plan to reshape the regional food scene with a strong focus on:
- Fintech solutions
- AI-powered restaurant technologies
- Supply chain innovations
By expanding its portfolio, Foodics aims to reshape the restaurant industry across MENA and beyond. This will directly ensure that businesses have the tools to streamline operations and maximize efficiency.
