Middle Eastern food delivery startup Calo said Tuesday it has raised $39 million in a Series B extension that was led by AlJazira Capital. The fundraise, which was more than 1.5x of its original $25 million raise in December, also saw participation from existing backers such as Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah Group.
The company is using this funding to expand into territories like the UK and also explore different partnerships in physical space.
Calo primarily offers ready-to-eat meals that customers can heat up later. The company delivers different plans to cater to various health goals. The company’s founder, Ahmed Al Rawi, told TechCrunch the startup’s revenue grew by “close to 100%.” Calo delivered…
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