Bahrain-located startup Calo secures USD13 million in “pre-s…

(MENAFN) Bahrain-located startup Calo collected USD13 million in a pre-series A investment phase co-ruled by venture capital companies Nuwa Capital as well as STV.

Created 3 years ago (2019), Calo is a foodtech firm that serves personalized meal payments for demanding people via its healthy as well as menu that has a wide range of more than 500 choices.

Functioning in Saudi Arabia, Bahrain, the UAE, as well as Kuwait, the firm prepares to use its investment to double down on current markets whereas seeking prospects for local growth.

Calo has recently declared its growth into Jeddah and Dammam in Saudi Arabia as well as more cities in the UAE and Kuwait.

“We’re delivering millions of meals per year and have consistently been quadrupling in growth year over year. We foresee this trend continuing over the next few years as the wellness wave continues to grow,” according to Ahmed Alrawi, chief executive of Calo, in a press announcement.

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