B2B e-commerce Eighty6 raises $3.7 million Seed spherical
- UAE-dependent e-commerce platform Eighty6, has elevated $3.7 million in a Seed round, from Sanabil 500 MENA Seed Accelerator Fund, a several GCC relatives offices and other buyers.
- Launched in 2021 by Abdul Kader Saadi, Eighty6 is a B2B e-commerce platform that delivers a marketplace to improve conversation and fulfilment concerning F&B suppliers and consumers.
- The resources lifted will be allocated to improving Eighty6’s technological capabilities, increasing operations in the UAE, and launching in Saudi Arabia and Kuwait.
Eighty6, the leading on line procurement system for places to eat in the United Arab Emirates, has effectively lifted $3.7 million in a Seed round of funding. The spherical provided Sanabil 500 MENA Seed Accelerator Fund and notable GCC family workplaces and strategic investors who possess a comprehensive grasp of the meals and beverage sector, encompassing both the cafe and provider sides.
Eighty6’s mission is to lower time put in on procurement, from both the cafe and supplier’s perspectives, and reduce problems, gaps and food wastage. Its driving objective is to achieve significant efficiencies by leveraging technological innovation to streamline and digitize the daily procurement course of action, which is at the moment obsolete, labour-intense, and time-consuming. This will empower suppliers to augment their profitability by boosting their gross sales volume when allowing the buyers to reward from larger transparency and charge personal savings.
“Our system gives a tech-concentrated remedy that addresses the agony points confronted on a day-to-day foundation by operators and suppliers,” stated the founder, Abdul Kader Saadi who has amassed 30 decades of experience in the F&B sector. “With Eighty6, the consumers are empowered with deep data and can count on to profit from equipment discovering abilities in the future.”
The resources lifted will be allocated towards boosting the technological capabilities Of the system, growing functions in the UAE, and launching in KSA and KWT, thereby enabling a broader spectrum of F&B ecosystems to advantage from the progressive methods provided by Eighty6.
“We are delighted to have Apostolos Binomakis and Mohamad Bhojani joining our board of administrators,” claimed the founder. “Both equally are seasoned professionals with considerable expertise and abilities in their domains – finance and e-commerce, respectively. Their expertise will play a pivotal function in our endeavours to scale our functions and reach our following milestones.”
Eighty6 is presently engaged in an comprehensive recruitment push, such as making its Saudi team, doubling the measurement of its tech group, and initiating the choosing process for its Kuwait launch. “We goal to enable suppliers lower the costs incurred in managing daily orders and lengthen their industry arrive at though giving buyers a smoother and additional transparent option to system their day-to-day procurement necessities,” said the founder.
Ms. Amal Dokhan, Normal Associate with 500 World MENA claimed, “I am fired up to support the vision and probable of Eighty6. We strongly imagine in the team’s capability to execute our vision and seem forward to looking at them make a considerable effects in the F&B sector.”