Calo Raises $25 Million to Fuel Global Expansion of its Customized Meal Delivery Service
Calo: Customized healthy meals delivered to your door.
Matilda
Calo Raises $25 Million to Fuel Global Expansion of its Customized Meal Delivery Service
Riyadh-based Calo, a leading provider of customized ready-to-eat meals in the Middle East, has secured $25 million in Series B funding led by Nuwa Capital, with participation from existing investors Khwarizm Ventures and STV. This investment round, which values Calo at approximately $250 million, will fuel the company's ambitious expansion plans, including international growth, enhanced meal personalization, and the acquisition of a UK-based food startup. Capitalizing on the Booming Middle Eastern Food Delivery Market The Middle Eastern food delivery market is experiencing explosive growth, projected to reach a staggering $11.2 billion by 2030, according to a recent MarkNtel Advisors report. This surge in demand is primarily driven by the rise of busy professionals seeking convenient and time-saving dining solutions, a trend accelerated by the COVID-19 pandemic. Calo's Unique Value Proposition: Customized Health & Wellness Calo differentiates itself from traditional food deliv…
