Bitcoin reached a new all-time high of $118,900 on Friday, surpassing its previous record of $113,822 set on Thursday. As Read more
Selling software to companies can be a daunting task, especially when it comes to meeting security requirements. Chas Ballew, founder Read more
Earlier this week, San Diego startup Gallant announced $18 million in funding to bring the first FDA-approved ready-to-use stem cell Read more
The world’s richest man buys out one of the most popular social media platforms and uses it as a propaganda Read more
Middle Eastern food delivery startup Calo announced a successful $39 million Series B extension led by Aljazira Capital. This funding, exceeding the initial $25 million raise, will support the company’s expansion into the UK market and the development of new partnerships.
### Calo’s Growth and Offerings
Calo specializes in ready-to-eat meals tailored to various health goals, experiencing nearly 100% revenue growth. With over 10 million meals delivered last year across Saudi Arabia, the UAE, Kuwait, Qatar, and Bahrain, Calo’s innovative approach and operational excellence caught the attention of investors.
### Expansion Plans in the UK
Expanding into the UK, Calo acquired meal delivery services Fresh Fitness Food and Detox Kitchen. These strategic acquisitions align with Calo’s vision for growth and market expansion, leveraging existing operational expertise while enhancing technology and branding.
### Future Outlook
With a focus on the UK market, Calo aims to increase its revenue tenfold within the next three years. Despite facing competition from established food delivery services and meal-box providers, Calo remains committed to expanding globally and diversifying its offerings through partnerships and physical retail locations.
Calo’s innovative approach to meal delivery and strategic expansion plans position the company for continued success in the competitive food delivery industry.
