B2B e-commerce Eighty6 raises $3.7 million Seed spherical

&#13
• UAE-based e-commerce platform Eighty6, has elevated $3.7 million in a Seed spherical, from Sanabil 500 MENA Seed Accelerator Fund, a several GCC family members workplaces and other investors.

&#13

• Launched in 2021 by Abdul Kader Saadi, Eighty6 is a B2B e-commerce system that delivers a marketplace to enhance communication and fulfilment concerning F&B suppliers and purchasers.

&#13

• The resources lifted will be allotted towards improving Eighty6’s technological abilities, growing operations in just the UAE, and launching in Saudi Arabia and Kuwait.

&#13

Push release:

Eighty6, the top on the internet procurement platform for places to eat in the United  Arab Emirates, has properly elevated $3.7 million in a Seed spherical of funding. The round involved Sanabil 500 MENA Seed Accelerator Fund and prominent GCC loved ones workplaces and strategic investors who possess a in depth grasp of the food stuff and beverage market,  encompassing the two the restaurant and provider sides. 

Eighty6’s mission is to minimize time expended on procurement, from both the cafe and supplier’s views, and lessen problems, gaps and food items wastage. Its driving objective is to reach major efficiencies by leveraging technology to streamline and digitize the every day procurement course of action, which is presently obsolete, labour-intense, and time-consuming. This will enable suppliers to increase their profitability by boosting their sales volume whilst enabling the customers to advantage from greater transparency and cost price savings.  

“Our system delivers a tech-concentrated resolution that addresses the soreness details faced on a day-to-day basis by operators and suppliers,” reported the founder, Abdul Kader Saadi who has amassed 30  years of encounter in the F&B field. “With Eighty6, the customers are empowered with deep  info and can assume to profit from device discovering abilities in the future.” 

The cash raised will be allotted in the direction of improving the technological capabilities Of the system, expanding functions in just the UAE, and launching in KSA and KWT, thus enabling a broader spectrum of F&B ecosystems to profit from the impressive options available by Eighty6. 

“We are delighted to have Apostolos Binomakis and Mohamad Bhojani becoming a member of our board of administrators,” reported the founder. “Both are seasoned industry experts with substantial know-how and abilities in their domains – finance and e-commerce, respectively. Their skills will participate in a  pivotal position in our endeavours to scale our operations and reach our next milestones.” 

Eighty6 is presently engaged in an substantial recruitment push, which include making its Saudi workforce, doubling the dimensions of its tech workforce, and initiating the hiring procedure for its Kuwait start.  “We intention to aid suppliers cut down the expenditures incurred in controlling each day orders and lengthen their market get to even though presenting customers a smoother and extra transparent solution to prepare their each day procurement specifications,” explained the founder. 

Ms. Amal Dokhan, General Associate with 500 World MENA stated, “I’m energized to assist the vision and likely of Eighty6. We strongly feel in the team’s capability to execute our vision  and search forward to looking at them make a important impression in the F&B marketplace.”