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MealPlanet Raises $6 Million Seed Round to Revolutionize Meal Planning Featured

15 Aug 2024
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UAE-based foodtech startup, MealPlanet, has successfully secured a $6 million Seed round led by a consortium of prominent investors, including Middle East Venture Partners (MEVP), AlTouq Group, Sanabil 500, Faith Capital, and Alturki Ventures. Renowned entrepreneurs Marc Lore and Samih Toukan also participated in the funding round, underscoring the company's promising potential.

Founded in 2024 by seasoned entrepreneur Khalid Baareh, MealPlanet is disrupting the food industry by offering a comprehensive meal planning platform that connects consumers with a diverse range of meal options from trusted brands.

The app empowers users to effortlessly discover, subscribe to, and manage their meal plans, transforming the way people approach healthy and convenient eating.

The newly acquired capital will be instrumental in accelerating MealPlanet's growth trajectory. The company plans to invest in expanding its technology infrastructure, enhancing user experience, and bolstering its marketing efforts.

Furthermore, the funds will fuel its ambitious regional expansion strategy, with Saudi Arabia being the first target market for launch in the first quarter of 2025.

MealPlanet's partnership with over 100 renowned brands, including Prep & Co, Basiligo, PrepHero, and The Lean Co., among others, highlights its commitment to providing customers with a wide array of choices to cater to diverse dietary preferences and lifestyles.

The platform's focus on delivering convenience, variety, and flexibility has resonated with consumers, positioning MealPlanet as a frontrunner in the meal planning space.

Walid Mansour, co-founder and co-CEO of MEVP, expressed enthusiasm for MealPlanet's potential to revolutionize the meal planning market.

"The increasing demand for healthy and convenient food options presents a significant opportunity," he stated. "MealPlanet's innovative approach and dedicated team position them as a strong contender to lead this growing market. We are confident in their ability to deliver exceptional value to consumers and drive sustainable growth."

MealPlanet's success in securing substantial funding from leading investors is a testament to the company's innovative business model and strong market potential.

As the company expands its footprint and introduces its platform to new markets, it is poised to become a dominant player in the foodtech industry, shaping the future of meal planning and consumption.

Last modified on Saturday, 17 August 2024 11:37
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