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May 30, 2022

Qatar’s Snoonu purchases Omani online food delivery firm Akeed

The acquired company currently has a network of more than 1,000 restaurants.

Qatar-based technology company Snoonu has acquired Akeed, an Oman-based food delivery platform.

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Akeed has a network of more than 1,000 restaurants.

According to Doha News, Snoonu has agreed to acquire Akeed for a consideration of $10m.

The deal is in line with Snoonu’s objectives of diversifying and expanding its operations in the region.

Snoonu co-founder and CEO Hamad Mubarak Al-Hajri said: “Our acquisition of Akeed was a decision made based on the company’s stellar reputation as one of the leading food delivery platforms in our sisterly Sultanate of Oman.

“Akeed’s wide network of restaurants and grocery stores will enable us to establish a solid foothold in the Omani market as our initial step towards an expanded regional presence and involvement.

“This amazing milestone is quite exciting for us because it reinforces our efforts towards becoming Qatar’s first-ever tech unicorn.”

In addition to restaurants, Akeed also has an established network of stores.

Going forward, the company intends to develop the local tech economy, encouraging innovation and working with local online services.

Akeed co-founder and CEO Gaurav Anil Nahar said: “We are excited about this agreement with Snoonu and we look forward to a future vision that will bring the latest in the e-commerce and logistics services industry to Oman.

“The Akeed team is happy to be joining hands with such a successful brand from Qatar, and we believe that this deal will add more value to both markets.”

Free Report
img

Meet emerging digital demand in the foodservice industry

Global digital pressures are making waves across sectors. The foodservice industry is seeing particular impact as consumers change the way they operate. It is therefore essential to know how to navigate the challenges that digital is presenting to the industry and its consumers. GlobalData’s free report explores the market outlook for the global foodservice industry, with insights into how foodservice operators, brands, and their suppliers can meet changing demands. Key features in this report include:
  • An overview of dine-in, takeaway, and delivery forecasts up to 2026
  • Areas foodservice industry players should be focusing on for digital investment
  • Consumer insight into attitudes towards digital convenience
  • Challenges facing foodservice, in terms of investment and logical considerations
  • Key examples of top industry players
Adapt and stay on top. Download our free report now.
by GlobalData
Enter your details here to receive your free Report.

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