Driving Growth in Retail & Hospitality with Flexible Staffing Solutions
UAE-based HRtech leader Ogram has secured a $3 million non-dilutive investment from Tenami Capital, marking a strategic step in expanding operations into Saudi Arabia.
Ogram is a digital staffing marketplace that enables businesses to book and manage on-demand staff efficiently. Karim Kouatly and Shafiq Khartabil founded the HR-tech platform in 2017. In effect, this funding will strengthen Ogram’s working capital. In addition, it will accelerate faster payouts, and enhance financial stability for workers, ensuring a motivated and reliable workforce for businesses.
Strategic Partnership for Workforce Transformation
The investment follows Ogram’s July 2024 funding round. In fact, that round included backing from Oraseya Capital, Aditum Investment Management, and Everywhere VC. Moreover, with Saudi Arabia’s booming retail and hospitality sectors, Ogram is now set to scale its impact across the region.
Shafiq Khartabil, Co-Founder & CEO of Ogram, highlighted the significance of this milestone:
“We are thrilled to partner with Tenami Capital, a forward-thinking financial partner that shares our vision of redefining workforce flexibility. This investment will help us accelerate our Saudi expansion, ensuring businesses and Ogrammers benefit from the most innovative staffing solutions.”
Balsam Danhach, CFO of Ogram, emphasized the broader impact on worker stability:
“This isn’t just financial backing; it’s an investment in the success and well-being of our workforce. Strengthening working capital allows us to provide early payouts, improving retention and satisfaction while delivering exceptional service to our clients.”
Tenami Capital’s Commitment to High-Growth Companies
Natasha Hannoun, Managing Partner at Tenami Capital, reinforced the alignment between Ogram’s mission and Tenami’s investment strategy:
“Ogram represents the type of high-growth, innovative company we are committed to supporting. As demand for non-dilutive capital rises and the Gulf region experiences unprecedented economic growth, we look forward to helping businesses scale and succeed. This is Tenami Capital’s fourth investment since 2021, with more to come in the months ahead.”
Expanding Market Reach & Strengthening Workforce Solutions
As Ogram gears up for 2025, this capital injection positions the company for continued success:
- Saudi Market Expansion – Strengthening presence in the booming retail & hospitality sectors.
- Early Payout Program – Providing financial stability for Ogrammers to enhance job satisfaction & retention.
- Seamless Workforce Solutions – Ensuring businesses access top-tier, on-demand staffing with greater flexibility.
With this investment, Ogram is set to reshape workforce management across the region, offering businesses and workers alike a smarter, more agile staffing ecosystem.
