'Jahez' is a Saudi Arabian online food delivery platform similar to 'Uber Eats.' This platform was founded in 2014 and has been growing steadily since. At the beginning of 2022, Jahez announced two new business ventures. Firstly, Jahez would be entering the public parallel market, making its shares purchasable by entities in non-Saudi countries. This venture increases the value of the company through stakeholder attraction, income diversification, and market size.
Secondly, Jahez has announced that it will be expanding its services to cover more restaurants and foodservice locations in Saudi Arabia. Jahez offers its own logistic systems and employed delivery drivers, and has secured countless restaurant partnerships. However, the company has announced its plans to utilize its recent public funding and Series A funding to cover a more comprehensive base of restaurants and grocery stores across Saudi Arabia.
Saudi Food Delivery Services
'Jahez' Has Announced It is Going Public and Expanding
Trend Themes
1. Expansion of Online Food Delivery Platforms - Jahez's plans for expansion indicate a trend for online food delivery services to increase their reach and gain a broader audience, creating opportunities for similar platforms to follow suit.
2. Entry Into Public Markets by Online Food Delivery Platforms - Jahez's announcement of going public reflects a trend for online food delivery services to tap into new sources of funding and increase their market size, opening up opportunities for other platforms to consider public offerings.
3. Logistic Innovation in the Foodservice Industry - Jahez's development of its own logistic systems and employed delivery drivers points towards a trend for the foodservice industry to invest in their own logistics to improve efficiency and lower costs, presenting opportunities for innovations in logistics technology.
Industry Implications
1. Food Delivery Services - Jahez's expansion and public offering showcase the growth of the food delivery industry, opening up opportunities for similar services to tap into the market's potential.
2. Tech and Software Services - The expansion and innovation in logistic systems by Jahez indicate the growth of tech and software services in the foodservice industry, creating opportunities for other tech companies to develop solutions that enhance operations in the industry.
3. Investment and Financial Services - Jahez's public offering showcases the growth of investment and financial services in the foodservice industry, presenting opportunities for finance professionals to develop investment opportunities in the industry.