Matbakhi raised $2.3 million in pre-seed led by Bugshan Investment Company & various angel investors

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Matbakhi raised $2.3 million in pre-seed led by Bugshan Investment Company & various angel investors

Riyadh-based food-tech company Matbakhi raised $2.3 million in a pre-seed led by Bugshan Investment Company and various angel investors.

To democratise access to carefully selected F&B concepts, Matbakhi works with regional Saudi chefs. Although there are lofty goals for Saudi Arabia’s hospitality industry through 2030, there are numerous obstacles that are limiting F&B profitability and the level of offerings and services available to hotel guests. The startup currently has four brands and operates out of five locations in Riyadh. By the end of 2023, it hopes to expand to the Eastern Region and cover more of Riyadh.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Riyadh-based food-tech company Matbakhi raised $2.3 million in a pre-seed led by Bugshan Investment Company and various angel investors.

To democratise access to carefully selected F&B concepts, Matbakhi works with regional Saudi chefs. Although there are lofty goals for Saudi Arabia’s hospitality industry through 2030, there are numerous obstacles that are limiting F&B profitability and the level of offerings and services available to hotel guests. The startup currently has four brands and operates out of five locations in Riyadh. By the end of 2023, it hopes to expand to the Eastern Region and cover more of Riyadh.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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