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Food delivery service Calo scores $39M in Series B extension as it sets eyes on the UK
Calo acquired two meal kit companies in the UK and integrated their operations without laying off anyone.
The fundraise, which was more than 1.5x of its original$25 million raise in December, also saw participation from existing backers such as Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah Group. The company’s founder, Ahmed Al Rawi, told TechCrunch the startup’s revenue grew by “close to 100%.” Calo delivered more than 10 million meals last year in Saudi Arabia, the UAE, Kuwait, Qatar, and Bahrain. The startup is also making moves to expand in the UK, where last year it acquired two meal delivery services, Fresh Fitness Food and Detox Kitchen.
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