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Foodservice platform Foodics registers a GMV of $6 billion and a 29% increase in revenue during the first half of 2025, as the adoption of financial technology accelerates.

Rapid expansion observed for Foodics, a Saudi Arabian restaurant management platform, in the first half of 2025. The surge is attributed to the escalating utilization of its financial services within the food and beverage industry across the region. With offerings encompassing point-of-sale...

Food delivery service Foodics experiences significant growth in the first half of 2025, reporting a...
Food delivery service Foodics experiences significant growth in the first half of 2025, reporting a staggering $6 billion gross merchandise volume and a 29% increase in revenue, attributed to the soaring adoption of financial technology.

Foodservice platform Foodics registers a GMV of $6 billion and a 29% increase in revenue during the first half of 2025, as the adoption of financial technology accelerates.

In the bustling world of restaurant management, Riyadh-based Foodics has been making waves with its impressive growth and robust financial performance in the first half of 2025 (H1 2025). The company, which serves over 33,500 restaurants, reported a gross merchandise value (GMV) of $6 billion and a 29% revenue growth during this period.

This growth can be attributed to the increased adoption of Foodics' fintech solutions. In 2024, the company had already surpassed an annual GMV of $10 billion, and this trend continues to climb.

The success of Foodics can also be seen in its recent funding round, where it raised $170 million, led by Prosus and Sanabil Investments. This investment underscores the strong confidence investors have in the company's future.

Looking ahead, Foodics is aiming for a public listing on the Tadawul stock exchange within the next two to three years. As of August 2025, the company's annual revenue stood approximately at $750 million.

The broader Saudi foodservice market is also witnessing rapid growth, with the sector projected to grow at 8.2% CAGR from 2025 to 2030. In 2025 alone, the F&B sector expanded by 15%. This growth provides a supportive environment for Foodics' expansion.

Foodics' fintech stack has been identified as a key growth engine for the company's merchants. The annual recurring revenue (ARR) climbed 29% in H1 2025, while payment volume on the platform grew by 38%.

International revenue for Foodics surged 56% in H1 2025, a testament to the company's expanding global reach. In a strategic move, Foodics acquired Solo, a UK-based provider of self-order kiosks and white-label ordering solutions.

With a focus on growth, Foodics plans to invest over $100 million in acquisitions across fintech, AI, and restaurant technology sectors. The company expects a "very strong H2" as it continues its regional expansion and scales its financial services offering.

In summary, Foodics is experiencing accelerated financial growth and significant scaling in the restaurant technology space, positioning itself as a regional tech champion with an IPO anticipated within a few years.

  1. Foodics' expansion in the fintech sector has led to impressive financial growth, with annual recurring revenue (ARR) increasing by 29% and payment volume on its platform growing by 38% in the first half of 2025.
  2. Aiming for a public listing on the Tadawul stock exchange, Foodics plans to invest over $100 million in acquisitions across fintech, AI, and restaurant technology sectors, highlighting its ambition to scale its financial services offering and establish its position as a regional tech champion.

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