The Chefz has raised undisclosed six figure seed funding
Riyadh-based, gourmet food and sweets delivery platform, The Chefz, has raised seed funding in a round led by Saudi’s Vision Ventures with the participation of Impact 46, a relatively new Saudi VC, and Riyadh-based startup consultancy firm, Ocean X. The size of the investment was not disclosed but the team has confirmed that it is a six-figure (USD) deal.
The Chefz allows users to order food and sweets from some of the leading stores in Riyadh, using its mobile app. Unlike other food delivery services and apps like HungerStation, Jahez, Uber Eats, and Careem Now, The Chefz focuses on specific high-end restaurants and bakeries. At an average basket size of $66, the company has customers that spend five times that of other players operating in the food delivery space in Saudi Arabia.
The platform currently offers its services in Riyadh and uses a hybrid fleet that comprises of its own drivers and “highly trained” freelancers.
Co-founder, Abdulrahman Almarshad confirmed that this new funding will enable the team to expand to new cities in the Kingdom starting with Dammam and Jeddah; expanding its marketing, as well as investing in the development of additional product and services.