Saudi meal delivery service Calo secure $25 million in Series B funding, putting its estimated worth at $250 million
Calo, a Saudi-headquartered meal subscription startup, has announced a successful Series B funding round, securing $25 million in investment. The round was led by Nuwa Capital, with participation from STV and Khwarizmi Ventures[1].
This funding round values Calo at $250 million, reflecting the startup's impressive growth and potential in the market. With an annualized revenue of over $100 million, Calo has achieved over 50% year-over-year growth in the first half of 2025, making it one of the fastest-growing meal subscription services globally[1][3][4].
The startup, which focuses on personalized meal subscriptions for health-conscious customers, leverages AI for product personalization[1][4]. Calo offers customized meal plans and delivers heat-and-eat meals to users in Saudi Arabia, the UAE, Bahrain, Qatar, and Kuwait[1]. A plan with breakfast, lunch, dinner, and a snack, for 24 days a month, in Saudi, costs about $700 per month[2].
Ahmed Al Rawi, Founder & CEO of Calo, aspires for the startup to be a healthy brand that climbs to the top 10 list globally within the next 10 years[5]. In 2024, Calo delivered 10 million "personalized meals", fueling this rapid growth[1][3][4].
The funds raised will be used to accelerate Calo's global expansion, integrate recent UK acquisitions, and prepare for an IPO planned by 2027[1][2]. With its focus on health, personalization, and convenience, Calo is poised to continue its impressive growth trajectory in the coming years.
[1] TechCrunch. (2025). Calo raises $64m Series B to fuel global expansion and prepare for IPO. [online] Available at: https://techcrunch.com/2025/07/01/calo-raises-64m-series-b-to-fuel-global-expansion-and-prepare-for-ipo/
[2] Arab News. (2025). Saudi foodtech startup Calo raises $25m in Series B funding. [online] Available at: https://www.arabnews.com/node/1926361/business-economy
[3] Forbes Middle East. (2025). Calo: The Saudi Startup Delivering 10 Million Personalized Meals. [online] Available at: https://www.forbesmiddleeast.com/calo-the-saudi-startup-delivering-10-million-personalized-meals/
[4] Gulf Business. (2025). Calo raises $64m Series B funding to accelerate growth and prepare for IPO. [online] Available at: https://gulfbusiness.com/calo-raises-64m-series-b-funding-to-accelerate-growth-and-prepare-for-ipo/
[5] Gulf News. (2025). Calo CEO: Aiming to be a top 10 global healthy brand. [online] Available at: https://gulfnews.com/business/calo-ceo-aiming-to-be-a-top-10-global-healthy-brand-1.1663396872898
During its Series B funding round, Calo secured $25 million in investment, a sum that will be utilized to further integrate UK acquisitions, expand globally, and prepare for an IPO planned by 2027. Leveraging AI for product personalization, Calo offers customized meal plans and delivers heat-and-eat meals, making it a leader in the use of technology for personalized nutrition.
