About Almenu
Almenu is a company based in Riyadh (Saudi Arabia) founded in 2020.. Almenu has raised $10.3 million across 1 funding round from investors including Almajdiah Investment. Almenu operates in a competitive market with competitors including Yalla Plus, Cardpio Space, Tabqy, DineMenu App and Garcon, among others.
- Headquarter Riyadh, Saudi Arabia
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Sectors
Consumer
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.3 M (USD)
in 1 rounds
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Latest Funding Round
$10.3 M (USD), Series B
Oct 02, 2024
- Investors
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Employee Count
Employee Count
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Funding Insights of Almenu
Almenu has successfully raised a total of $10.3M through 1 strategic funding round. The most recent funding activity was a Series B round of $10.3 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $10.3M
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First Round
First Round
(02 Oct 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - Almenu | Valuation | Al-Majidiyah Investment Company |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Almenu
Almenu has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Almajdiah Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Almajdiah Investment is engaged in diversified investment activities across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Almenu
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Almenu
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Almenu Comparisons
Competitors of Almenu
Almenu operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yalla Plus, Cardpio Space, Tabqy, DineMenu App and Garcon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
QR-based digital menu software is provided for food businesses.
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| domain | founded_year | HQ Location |
Offers digital QR code menus for restaurants to update and manage efficiently.
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| domain | founded_year | HQ Location |
Offers comprehensive digital menu solutions for restaurants.
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| domain | founded_year | HQ Location |
A digital solution for restaurants to manage menus and orders efficiently.
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| domain | founded_year | HQ Location |
Offers a SaaS-based app for digital menus in restaurants.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Almenu
When was Almenu founded?
Almenu was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Almenu located?
Almenu is headquartered in Riyadh, Saudi Arabia.
Is Almenu a funded company?
Almenu is a funded company, having raised a total of $10.3M across 1 funding round to date. The company's 1st funding round was a Series B of $10.3M, raised on Oct 02, 2024.
What does Almenu do?
Almenu was established in 2020 and is headquartered in Riyadh, Saudi Arabia. Operations center on the restaurant sector, where QR-based contactless menu solutions are delivered to streamline business management. These services enable digital menu access without physical interaction, supporting efficiency in ordering and customer engagement. The platform is accessible via almenu.io, targeting hospitality businesses in the region.
Who are the top competitors of Almenu?
Almenu's top competitors include Yalla Plus, Cardpio Space and Tabqy.
Who are Almenu's investors?
Almenu has 1 investor. Key investors include Almajdiah Investment.
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