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Dubai-based food supply ordering platform Watermelon Market secured USD 4 mn in a series A funding round, Khaleej Times writes. The funding saw participation from prominent investors — with Daman Investments acting as the exclusive fundraising advisor — giving new investors a 13.8% stake and valuing the company at USD 29 mn.
Where is the money going? Watermelon plans to use the money to expand locally and regionally and to enhance their product offerings, Watermelon CEO Omar Al Shamsi was quoted as saying.
About Watermelon: Founded in 2020, Watermelon connects over 200 suppliers with 400 restaurants, according to the Abu Dhabi SME Hub. Watermelon concluded its seed funding round back in 2022.
