With New Funds, AKEED Aims To Promote On-Demand Food Delivery Service

December 20, 2021 | 2 minutes read

Oman-based on-demand food delivery service application, Akeed Delivery, raises $2.5 million in its latest funding round.

The food and beverages industry in the Middle East and Africa is booming nowadays. During the pandemic, the trend of digitalization in the food and beverages sector increased manifold. Because people were forced to stay at home, which burgeoned the food delivery services. With this idea, the on-demand food delivery service, Akeed delivery, has raised $2.5 million in its latest funding round. The funding round was led by Phaze Ventures and IDO ( Sovereign Fund).

These two investors have been very active in supporting the Omani startup scene with joint investments in tech-driven solutions like automotive marketplace Carzaty and IoT Tech startup eMushrif.

Moosa Al Lawati, Gaurav Nahar, and Darshan Puranik founded the company in 2018. The aim of the startup is to provide seamless on-demand delivery service of food.  The startup has seen remarkable growth since its inception. It has expanded to grocery delivery as well. The company hosts around 1500 restaurants in the country at the moment.

Mobile applications provide very easy access to different services for the users. The mobile application of Akeed Delivery allows users to search through the available restaurants and food stores. After making the selection, users are allowed to pay for the services right away online or after receiving the order through the cash/credit on delivery option. Moreover, the application also allows users to track their orders.

With the newly secured funds, the startup is aiming to enhance its platform services and focus on product development. While talking about the future plans of the startup, CEO of Akeed Delivery, Gaurav Nahar said, “Our mission has been to digitalize the restaurants and stores with state-of-the-art technology for customers. The support we receive will help us to  make technological developments, create more delivery jobs and provide quality service  to our customers and vendors.”

The development of mobile applications has proved very helpful in creating user-friendly and responsive services.  F&B industry is just one use case of the mobile applications, however, it has also proved its worth in the real estate and education sector.