Prosus and Sanabil Investments led a $170m Series C round in Foodics.

Prosus, one of the largest global technology investors in the world, and Sanabil Investments, a PIF-owned investment company, led a $170m Series C round in Foodics, a cloud-based technology and payments platform for restaurants in the MENA region, with participation from Sequoia Capital, STV and Endeavor Catalyst. "Foodics has come a long way since our early days and we are proud to have been able to secure capital from premium international tech investors to further power our journey. This latest investment will enable us to accelerate the development of our end-to-end tech stack ecosystem to better support the F&B entrepreneurs and owners who make up the majority of our client community. We are thankful to our existing shareholders, Sanabil Investments and STV, for their trust in Foodics, and welcome our new investors Prosus and Sequoia Capital India to the Foodics family. We look forward to the exciting journey ahead together," Ahmad Al-Zaini, Foodics Co-Founder and CEO.