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§ Private Profile · United Arab Emirates
B2B platform connecting restaurants and food suppliers to streamline procurement, digitize orders, use AI for revenue, and offer F&B fintech.
Kaso has raised $12.5M across 2 funding rounds.
Key people at Kaso.
Kaso was founded in 2021 by Manar Alkassar (Founder).
Kaso has raised $12.5M in total across 2 funding rounds.
Kaso is a B2B platform based in Dubai, UAE, that connects restaurants with food suppliers to streamline procurement and reduce waste by digitizing ordering processes. The company has raised $10.5 million in total funding across two rounds and serves over 5,000 partners across the UAE and Saudi Arabia, employing 51-100 individuals. It leverages AI for revenue generation, ERP/CRM synchronization, and offers fintech solutions including payments and credit, reporting an estimated $600,000 in annual revenue and a $2 million valuation. Notable investors include Y Combinator, GFC, MSA Capital, and Derayah Ventures. Kaso also maintains a strategic partnership with Foodics. Founded in 2021 by Manar Alkassar and Ahmed Soliman. Its business model centers on B2B platform monetizing through procurement software, order processing, sales AI tools, digital catalogs, and a fintech vertical for payments and credit to restaurants and suppliers.
Key people at Kaso.
Kaso has raised $12.5M across 2 funding rounds. Most recently, it raised $10.5M Seed in July 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 22, 2023 | $10.5M Seed | — | BY VP, Cyfr Capital, Derayah Ventures, Global Founders Capital, ALI Abussaud, MSA Capital, Pioneer Fund, Haitham AL Foraih, Spade Ventures, Vulpes | Announced |
| Sep 1, 2021 | $2M Seed | — | Byld Ventures, Global Founders Capital, Sequoia Capital | Announced |
Kaso is a B2B platform that connects restaurants with food suppliers across the Middle East, digitizing and streamlining the traditionally manual procurement process. It enables restaurants to browse supplier catalogs, place and track orders, manage deliveries, and handle procurement workflows from a single dashboard. By doing so, Kaso helps restaurants and suppliers save time, reduce costs, and minimize food waste through improved efficiency and transparency in the food supply chain[1][2][4].
For an investment firm, Kaso represents a mission-driven startup focused on revolutionizing food supply chain operations in a largely untapped regional market. Its investment philosophy likely centers on backing technology-driven solutions that address inefficiencies in traditional industries, particularly in food-tech and supply chain sectors. Key sectors include B2B marketplaces, food procurement, and fintech (with its recent launch of payment and credit solutions). Kaso’s impact on the startup ecosystem is significant as it modernizes a critical segment of the food industry, fostering digital transformation and financial innovation in the Middle East’s restaurant supply chain[2][7].
As a portfolio company, Kaso builds a cloud-based procurement platform serving restaurants of all sizes and food suppliers in the Middle East and North Africa. It solves the problem of inefficient, error-prone, and fragmented ordering processes that rely on phone calls, WhatsApp, and manual paperwork. Kaso’s growth momentum is strong, with over 5,000 partners, including major international restaurant brands, and a recent $10.5 million seed funding round fueling expansion and technology enhancement[1][2][7].
Kaso was founded in 2021 by Manar Alkassar, who brings entrepreneurial experience and a vision to digitize the food supply chain. The idea emerged from recognizing the inefficiencies in the restaurant procurement process, which traditionally depended on manual communication methods and lacked transparency. Early traction came from onboarding thousands of restaurant and supplier partners in Saudi Arabia, UAE, and the broader Middle East region, quickly establishing Kaso as the largest B2B ordering platform in the area[2][3][7].
The company, initially known as Elkaso, evolved its focus to become a comprehensive digital marketplace and procurement management platform, integrating fintech solutions to address payment and credit challenges in the industry. This evolution reflects a strategic response to market needs and investor confidence, including backing from prominent investors like Prince Khaled bin Alwaleed and participation in Y Combinator’s Winter 2022 batch[2][7].
Kaso rides the wave of digital transformation in the food service and supply chain sectors, particularly in the Middle East, where many processes remain manual and fragmented. The timing is favorable due to increasing demand for operational efficiency, cost reduction, and food waste minimization in the restaurant industry. Market forces such as rising smartphone penetration, cloud technology adoption, and investor interest in food-tech and fintech innovations support Kaso’s growth[1][2][7].
By digitizing procurement and integrating financial services, Kaso influences the broader ecosystem by setting new standards for transparency, efficiency, and financial flexibility in B2B food supply chains. This not only benefits restaurants and suppliers but also encourages further innovation and investment in the regional food-tech space[7].
Kaso is poised for rapid expansion, aiming to achieve a gross merchandise value of $1 billion within 12 months following its seed round. Future trends shaping its journey include deeper fintech integration, AI-driven analytics for inventory and waste reduction, and geographic expansion across the Middle East and North Africa. As Kaso scales, its influence will likely grow beyond procurement to become a central platform for restaurant operations and supply chain finance, potentially inspiring similar digital transformations in other traditional industries[7].
The company’s trajectory underscores a broader shift toward digitization and financial innovation in food supply chains, making Kaso a key player to watch in the evolving food-tech landscape.
Kaso was founded in 2021 by Manar Alkassar (Founder).
Kaso has raised $12.5M in total across 2 funding rounds.
Kaso's investors include BY VP, Cyfr Capital, Derayah Ventures, Global Founders Capital, Ali Abussaud, MSA Capital, Pioneer Fund, Haitham Al-foraih, Spade Ventures, Vulpes, Byld Ventures, Sequoia Capital.
