Foodics is a Saudi Arabia-based foodtech company that builds an all-in-one cloud-based Restaurant Management System (RMS) and Point of Sale (POS) platform.[1][2][3][4] It serves over 33,000 restaurants, cafes, food trucks, and F&B chains across the MENA region, solving operational inefficiencies in order management, payments, inventory, kitchen workflows, customer loyalty, and analytics by providing seamless, AI-powered tools for front-of-house, back-of-house, and back-office functions.[1][2][3][4] The platform processes over $10 billion in annual GMV as of 2024, with strong growth in fintech features like integrated payments and lending, driving digital transformation amid rising demand for contactless and data-driven solutions.[3]
Foodics was founded in 2014 by Ahmad Al-Zaini (CEO) and Mosab Al-Othmani (CTO) in Saudi Arabia, emerging as a startup to deliver innovative, hassle-free restaurant management tech.[2][3] The idea stemmed from pairing food industry needs with cloud technology, starting with iPad-accessible POS in multiple languages and expanding to over 100 integrable apps for efficiency and cost savings.[2] Early traction came from servicing thousands of dine-in spots, food trucks, and chains in the Middle East, accelerated by the pandemic through launches like the Foodics PAY app for secure digital payments and cloud kitchen support, capitalizing on rapid F&B digitization.[2]
Foodics rides the wave of F&B digitization in MENA, fueled by post-pandemic shifts to online ordering, contactless payments, cloud kitchens, and data analytics amid e-commerce growth and consumer demand for seamless experiences.[2][3][7] Timing aligns with regional market forces like Saudi Vision 2030's tech push, rising digital payments, and structural F&B efficiency needs, positioning Foodics as a leader with 30,000+ users and $10B+ GMV.[1][3] It influences the ecosystem by enabling thousands of brands to scale via integrated fintech and AI, fostering a one-stop digital backbone that accelerates industry adoption of cloud POS/RMS over legacy systems.[2][3][9]
Foodics is primed for expansion with accelerating revenue, profitability, and fintech adoption, backed by investments and a public listing path, potentially dominating MENA restaurant tech.[3] Trends like AI automation, omnichannel commerce, predictive analytics, and embedded finance will shape its trajectory, enhancing cash flow stability and market share amid F&B's ongoing digital pivot.[3][5] Its influence may evolve into a global one-stop-shop for operations-to-payments, solidifying its role as the go-to platform that streamlines restaurant success from order to insight.
Foodics has raised $21.0M in total across 1 funding round.
Foodics's investors include B Capital Group, Blume Ventures, Khosla Ventures, RTP Global, SRI Capital, Amit Gupta, Khalid AlNasser.
Foodics has raised $21.0M across 1 funding round. Most recently, it raised $21.0M Series B in December 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2020 | $21.0M Series B | B Capital Group, Blume Ventures, Khosla Ventures, RTP Global, SRI Capital, Amit Gupta, Khalid AlNasser |
