Foodics Acquires UK-Based Solo Venture and Invests in Three Startups
- Foodics Acquires Solo Venture to Develop Self-Ordering Food Technologies
- The deal aims to expand sales channels and enhance AI-driven solutions
- The acquisition has led to the establishment of new startups
Foodics, a leading company specializing in restaurant technology and payments, has acquired the UK-based Solo Venture, which focuses on developing self-ordering kiosk technologies, websites, and online ordering applications.
This move aligns with Foodics’ strategy to expand its services and enhance restaurants’ ability to offer a seamless and advanced experience to their customers.
Solo Venture provides cutting-edge self-service solutions, enabling restaurants to increase sales channels and improve operational efficiency through AI and smart analytics.
Integrating these technologies with Foodics’ systems is expected to offer comprehensive, all-in-one solutions that help restaurants manage their operations more efficiently, ultimately enhancing customer experience and increasing satisfaction rates.
Foodics also announced its investment in three promising startups operating in different technology sectors:
Norma: A Greek company specializing in advanced data analytics, utilizing AI to help businesses understand customer behavior and make data-driven decisions.
Add: A fully integrated accounting system designed for small and medium-sized enterprises (SMEs), aimed at simplifying financial processes and improving account management in an easy and efficient manner.
Arzaq Plus: A cutting-edge platform leveraging AI and data analytics to manage supply chains, helping businesses optimize purchasing, storage, and waste reduction.
Ahmed Al-Zaini, CEO and co-founder of Foodics, revealed the allocation of $100 million for acquisitions and strategic investments over the next three years.
He stated that this funding is intended to drive innovation in fintech, artificial intelligence, and transformational technologies, aiming to support the restaurant industry with the latest digital solutions.
The company has achieved significant success, supporting over 30,000 entrepreneurs in the food and beverage sector and expanding its operations to 30 countries worldwide.
This continuous expansion reflects Foodics’ commitment to providing innovative technological solutions that contribute to the hospitality sector’s development and enhance customer experience sustainably.
