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Jahez International Company is a company.
Jahez International Company has raised $36.5M across 1 funding round.
Key people at Jahez International Company.
Jahez International Company was founded in 2016 by Ghassab Al-Mandeel (Co-Founder & Chief Executive Officer).
Jahez International Company has raised $36.5M in total across 1 funding round.
Jahez International Company operates an online food delivery platform that has evolved into a broader lifestyle solutions provider. It offers a comprehensive digital ecosystem, initially connecting customers, restaurants, and drivers for efficient food delivery services. The company now leverages its technological capabilities to integrate Q-commerce, logistics through its Logi subsidiary, sports-related products via Blu Store, and cloud kitchen facilities with Co, catering to a wide array of modern consumer needs.
Ghassab Al-Mandil founded Jahez in 2016 with the insight to streamline the burgeoning online food delivery market in Saudi Arabia using advanced technology. This foundational focus on digital efficiency and user experience propelled the company's initial growth as a high-tech delivery business before its strategic expansion into diversified on-demand services.
The platform serves a rapidly expanding user base, providing convenience and reliability to individuals seeking prepared meals, various goods, and services. Jahez’s overarching vision is to become the leading brand from Saudi Arabia, offering an ecosystem of on-demand services that significantly enhances customer lifestyles and empowers partner businesses, continually expanding its digital reach.
Jahez International Company for Information Systems Technology (Jahez) is Saudi Arabia's leading online food delivery platform, founded in 2016 and headquartered in Riyadh, operating under segments including Delivery Platforms, Logistics Services, and Others.[1][2] It builds an on-demand ecosystem serving consumers, restaurants, and e-commerce partners across food delivery, retail via its PIK platform (fashion, cosmetics, electronics), last-mile logistics through LOGI, cloud kitchens, and lifestyle services like Prime subscriptions, solving inefficiencies in Saudi Arabia's on-demand and e-commerce landscape.[1][2][3] With 30-35% market share in Saudi food delivery as of 2022, Jahez achieved unicorn status, a landmark USD 2.4 billion IPO in 2021, and rapid expansion into Bahrain (2022) and Kuwait (Q2 2023), positioning it as the Kingdom's fastest-growing platform aligned with Vision 2030.[1][3]
Launched in 2016 as a Riyadh-based online food delivery startup, Jahez was founded by entrepreneurs leveraging Saudi Arabia's growing tech talent to disrupt the on-demand sector, starting with ambitious plans to pioneer internet entrepreneurship in the MENA region.[1] The company evolved quickly: from core food delivery, it expanded into logistics with LOGI in Q3 2021, established entities in Bahrain (December 2021, operations June 2022) and Kuwait (August 2022, operations Q2 2023), and went public via IPO on December 14, 2021, becoming the first homegrown Saudi unicorn to list.[1][3][4] Pivotal moments include steady city expansions in Saudi Arabia, achieving market dominance pre-IPO, and post-IPO transformation into a multifaceted lifestyle provider.[1][3]
Jahez rides the explosive growth of on-demand delivery and e-commerce in Saudi Arabia, fueled by Vision 2030's push for digital transformation, young demographics, and rising internet penetration, disrupting traditional retail and logistics.[1] Timing is ideal post-IPO, amid MENA's e-commerce boom, with expansions capitalizing on underserved Bahrain and Kuwait markets while enabling the wider ecosystem via LOGI's last-mile solutions.[3] It influences the landscape as a homegrown champion, boosting local tech talent, unicorn creation, and sector vitality, while competing effectively (e.g., P/E 26.5x vs. sector 16.3x, analyst upside 8.4%).[1][2]
Jahez is poised for regional dominance, with 2023+ plans to grow Saudi footprint, deepen Bahrain/Kuwait presence, and scale LOGI/PIK amid e-commerce surges. Trends like AI-driven logistics, subscription models, and Vision 2030 investments will propel it, potentially evolving from food pioneer to MENA lifestyle super-app leader. Its influence will expand by empowering startups via logistics and fostering Saudi tech entrepreneurship, solidifying its IPO-fueled trajectory from quiet 2016 launch to market force.[1][3]
Jahez International Company was founded in 2016 by Ghassab Al-Mandeel (Co-Founder & Chief Executive Officer).
Jahez International Company has raised $36.5M in total across 1 funding round.
Jahez International Company's investors include Abdulaziz Alomran.
Key people at Jahez International Company.
Jahez International Company has raised $36.5M across 1 funding round. Most recently, it raised $36.5M Series A in June 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 28, 2024 | GrubTech | $15.0M Series B Extension | Mr. Abdulaziz Alhouti | Addition, Oryx Fund |
| Dec 5, 2023 | Omniful | $5.8M Seed | Tammer Qaddumi | 500 Startups, Al Bawardi, Al Nafea, Al Rasheed, Bunat Ventures, DASH Ventures, Hala Ventures, Jahez Group, RZM Investment, Seedra Ventures, Siraj Holding |
| Dec 1, 2023 | Soum | $18.0M Series A | Mr. Abdulaziz Alhouti | E62 Ventures, Outliers Capital, Alrajhi Partners, Isometry Capital, Khwarizmi Ventures, Outliers Venture Capital |
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 4, 2020 | $36.5M Series A | Abdulaziz Alomran |