FOODICS, the F&B and Retail tech startup based in Saudi Arabia, officially announced today the launch of FOODICS CAPITAL, its micro lending arm.
The Dubai Business Women Council (DBWC) and Creative Zone organised on Tuesday a virtual session under the theme "Ways to secure funding for startups". The event comes as part of the "She Leads" business accelerator program, the first of its kind to be launched in Dubai and one of the Council's and Creative Zone's initiatives to train, support, and nurture female entrepreneurs and empower them to launch their business successfully.
As consumers are continuing to shop online more frequently, even after Covid-19-related restrictions were eased in the UAE allowing economic activities to resume almost entirely as normal, Kitchen Souq is planning to expand its business and increase its market share in the country. The company has witnessed rapid growth in sales and customer base over the past seven months, along with marked shifts in consumer behavior.
The global pandemic is transforming the social and economic landscape of economies around the world, and without a clear strategy that enables and encourages small and medium-sized enterprises (SMEs) across Eurasia to adopt Fourth Industrial Revolution technologies (4IR), economic recovery will not be sustainable.