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76% Informative
Middle Eastern startup Calo has raised $25 million in Series B funding.
The company is now valued at around $250 million , according to multiple sources.
Calo operates in Saudi Arabia , UAE , Kuwait , Qatar , Qatar and Bahrain .
The startup plans to further lean into meal customization to cater to more personalized segments and food needs.
This year Calo hit nine figures in annualized revenue and runs at a nearly break-even state.
Saudi Arabia represents 70% of Calo ’s revenues, with UAE coming second at 15% .
The startup is experimenting with new business models, such as retail kiosks for grab-and-go meals in places like corporate offices.
VR Score
69
Informative language
62
Neutral language
68
Article tone
semi-formal
Language
English
Language complexity
51
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
medium-lived
External references
3
Source diversity
3
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