UAE-based food delivery startup LUNCH:ON has been named among the top 50 hot tech companies globally according to Crunchbase’s annual survey. It is the only company from the Middle East to be ranked in the list,
The startup has recently closed a $4 million Series A round, bringing the total funding it has received since inception to $6 million.
The Crunchbase survey ranked the companies according to funding and investment activity, performance and industry trends. Each company on the list raised between $5 million and $20 million in the last six months.
LUNCH:ON was co-founded by Mohammad Al Zaben and Dana Baki in 2016. It operates as a virtual canteen for companies, partnering with local restaurants to offer corporates and their employees curated meals, delivered to the office, at discounted prices. The company currently works with over 200 of Dubai’s favorite restaurants and delivers to more than 500 major companies across the UAE.
“This year is proving to be a very exciting one for LUNCH:ON, not only have we closed our series A round, but we have also seen remarkable week-on-week growth, expansion into new markets, and hugely successful new product features, such as our LUNCH:ON Pro subscription” said co-founder, Mohammad Al Zaben.
Meanwhile, Endeavor, the world’s most exclusive network for entrepreneurs and start-ups, recently selected LUNCH:ON to join its community of high-impact entrepreneurs, investors, mentors, and business leaders, marking the latest in a series of high-profile recognitions for this rapidly-growing company.
LUNCH:ON was ranked 60 in Forbes Middle East’s list of “Top 100 Startups in The Middle East 2018”.
The food tech sector is growing across the region. F&B sales were recorded at $145 billion in MENA last year, and that is set to grow to $171 billion by 2023, according to the Gulfood global industry outlook report.