Muscat, Oman – September 2024: IO Kitchens, Oman’s leading cloud kitchen startup, has successfully raised $2.8 million in seed funding, marking a significant milestone in the company’s growth trajectory. The funding round was led by the Tanmia Small-Cap Fund, with participation from a range of family offices and regional investors, underscoring confidence in IO Kitchens’ vision to transform the food delivery landscape.
This latest capital infusion will fuel the startup’s ambitious plans to expand its operations, enhance its proprietary technology platform, and broaden its culinary portfolio, all while pursuing strategic partnerships across Oman and the region.
“We are grateful for the trust and support of our investors,” said Hisham Hasan, CEO and Founder of IO Kitchens. “This funding will enable us to scale our business, improve our tech-driven processes, and continue reshaping the food delivery experience for tech-savvy consumers in Oman and beyond.”
Cloud kitchens, also known as ghost kitchens, are emerging as a disruptive force in the food industry, catering to the increasing demand for convenient and diverse food delivery options. IO Kitchens has been at the forefront of this shift in Oman, utilizing advanced data analytics and artificial intelligence to create food concepts that align with evolving consumer preferences.
The new funding will allow IO Kitchens to expand its kitchen capacities, enhance its technological capabilities, and meet the growing appetite for high-quality, on-demand meals across Oman.
Khalid Al Balushi, CEO of Tanmia, expressed his excitement about partnering with IO Kitchens. “We are thrilled to make our first investment through the Tanmia Small-Cap Fund in a company as innovative as IO Kitchens. Their forward-thinking approach to the cloud kitchen model is set to reshape not only the food delivery industry in Oman but across the wider region. We believe they are at the forefront of a significant transformation in how food is prepared, delivered, and enjoyed.”
With this boost in capital, IO Kitchens is positioned to scale rapidly, continuing to lead the cloud kitchen revolution and shaping the future of food delivery in Oman and beyond.
For more information, IO Kitchens invites investors, partners, and food enthusiasts to join them on their journey as they push the boundaries of what’s possible in the cloud kitchen space.
