Food Delivery Platform Foodics Reports $6 Billion GMV and a 29% Increase in Revenue During the First Half of 2025, With Fintech Adoption Showing a Steep Rise
Foodics Soars Ahead in Restaurant Technology Sector
Foodics, a Riyadh-based restaurant management platform, is experiencing remarkable growth in the first half of 2025. The company has reported a significant increase in active restaurant branches, GMV, ARR, and international revenue, solidifying its position as a leading player in the Middle East's restaurant technology sector.
According to recent reports, Foodics now serves over 33,500 active restaurant branches, marking a 23% year-over-year increase. This large and growing customer base spans across the MENA region, as the company continues to expand its reach.
The platform's Gross Merchandise Value (GMV) has also seen impressive growth. In 2024, Foodics achieved an annual GMV of over $10 billion. For the first half of 2025, the platform reported $6 billion GMV, indicating accelerating growth momentum.
Foodics' Annual Recurring Revenue (ARR) has also shown strong growth, with a 29% revenue increase in H1 2025. This expansion reflects growing merchant adoption and transaction volumes.
International revenue has been another area of focus for Foodics. While exact figures are not disclosed, the company has been broadening its market reach beyond Saudi Arabia. With its investor backing and strategic positioning, Foodics is poised for growth in international operations, supported by its cloud-based platform serving restaurants regionally.
Recent investments in the company, such as the $170 million funding led by Prosus and Sanabil Investments, demonstrate strong investor confidence and support further growth and regional expansion plans. Foodics is also targeting an Initial Public Offering (IPO) on Tadawul within 2-3 years, highlighting its growth ambitions.
Foodics' unique value proposition lies in its integration of various restaurant operations—orders, finances, and capital access—into a single platform. This integration contributes to its attractiveness for large-scale adoption, setting it apart from competitors in the market.
In a recent statement, Foodics' co-founder and CEO, Ahmad Al-Zaini, described the performance as reflecting a broader "structural shift" in the F&B sector. With its robust growth trajectory, Foodics is undoubtedly a key player in this shift, positioning itself as a leading restaurant tech platform in the Middle East.
Technology plays a significant role in Foodics' growth, with its cloud-based platform facilitating operations, orders, finances, and capital access for thousands of restaurant branches. Investors such as Prosus and Sanabil Investments recognize the potential of this technology, as demonstrated by their $170 million funding.
