Investments to transform MENA’s Food-Tech Supply Chain
NOMU, the innovative food-tech supply chain platform set to revolutionise the food and beverage industry in the MENA region, has announced the successful closure of its first round of financing.
NOMU plans to develop a Software-as-a-Service (SaaS) solution and an AI assistant procurement officer chatbot. The company places a strong emphasis on sustainability and healthy unit economics, with two markets already achieving profitability, a press statement indicated.
Since its inception in 2022, NOMU has experienced rapid expansion and currently operates in four countries, including the Kingdom of Saudi Arabia, Egypt, Tunisia, and Morocco. The company has aggressive plans to expand into 50 cities by 2025.
Strategic partnerships
NOMU has already proven a positive cashflow business model, recorded 10x revenue growth within 12 months and gross margins are above healthy sustainable levels, NOMU has established strategic international partnerships with industry giants such as Savola and Procter & Gamble.
Founded in 2022 by Salman Attieh, Yassir El Ismaili El Idrissi, Shehab Mokhtar, and Ahmed Eldemerdash, NOMU Group’s headquarters are located in Riyadh, KSA, with a holding structure in Abu Dhabi’s International Financial Centre.
“This seed round allows us to strengthen our B2B HORECA (Hotels / Restaurants / Cafes) offering, invest in cutting-edge technology, and expand into new markets. NOMU is committed to revolutionizing the food-tech supply chain, providing greater convenience and efficiency for businesses in the MENA region,” asserted Shehab Mokhtar, Co-Founder and CEO, NOMU Group.
With its strong financial backing, strategic partnerships, efficient centralized OPEX and visionary leadership, NOMU Group is poised to reshape the industry and drive innovation throughout the region, the press note concluded.
