Yalla Plus Secures $2.7 Million seed Funding in Hospitality Tech
Riyadh, Saudi Arabia – Yalla Plus, a pioneering foodtech startup based in Riyadh, has successfully secured a substantial $2.7 million in Seed funding. Merak Capital led the investment, and Khwarizmi Ventures, Isometry Capital, and other strategic investors also participated. This investment marks a pivotal moment for Yalla Plus.
A Comprehensive Platform for Hospitality Businesses
Founded in 2022 by industry veterans Abdullah Alrabeh and Bader Alnasser, Yalla Plus has developed a robust POS (Point of Sale) system. This system streamlines operations for restaurants and cafes by integrating payment processing, customer feedback management, and delivery services. Consequently, Yalla Plus offers a comprehensive solution that addresses multiple needs within the hospitality sector.
Expanding Horizons
Furthermore, it has achieved notable success by serving thousands of businesses across 11 countries. Now, the company is set for rapid expansion. Their ambitious goal is to reach 100,000 businesses in 50 countries across the Middle East, Europe, and Southeast Asia. This goal reflects Yalla Plus’s commitment to delivering exceptional value and driving industry innovation.
Strategic Partnership and Visionary Leadership
The partnership with Merak Capital highlights it’s potential to transform the hospitality landscape. Abdullah Altamami, Partner and CEO of Merak Capital, expressed confidence in Yalla Plus’s ability to meet the growing demand for efficient, customer-centric solutions. Altamami stated, “Yalla Plus’s innovative approach positions them well for success, and we are excited to support their journey.”
Additionally, under the leadership of co-founders Abdullah Alrabeh and Bader Alnasser, this company aligns its growth strategy with Saudi Arabia’s Vision 2030. By leveraging advanced technology and building strong partnerships, Yalla Plus aims to become a global leader in hospitality technology.