Foodics raises $170m Series C led by Prosus and Sanabil
By Cicada DeskEvent date: 1 min read
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In brief
Saudi restaurant-technology and fintech platform Foodics closed a $170 million Series C co-led by Prosus and Sanabil Investments, with participation from Sequoia Capital India and existing investors STV and Endeavor Catalyst.
Saudi restaurant-technology and fintech platform Foodics closed a $170 million Series C co-led by Prosus and Sanabil Investments, with participation from Sequoia Capital India and existing investors STV and Endeavor Catalyst. The round took total funding to $198 million.
Foodics said it would use the capital for regional and international expansion, mergers and acquisitions, and new fintech and micro-lending products.
Key figures
- $170mround size
Sources
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Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "Foodics raises $170m Series C led by Prosus and Sanabil". Cicada, 20 April 2022. https://cicadaconsultancy.online/en/news/foodics-series-c-2022
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