Bahrain's Bayader Secures SAR 1.1M from Tenmou to Scale Agri-Tech Platform
Bahrain-based agri-tech startup Bayader has announced it has successfully secured SAR 1.1 million in funding from Tenmou, Bahrain's first angel investors' organization. The investment is aimed at fueling the company's expansion plans within the region.
Key Details
The funding round saw the fresh produce direct-from-farm platform, Bayader, receive SAR 1.1 million from notable Bahraini angel investor group, Tenmou. This investment highlights growing interest and support for innovative solutions in the agricultural technology sector within the MENA region.
Implications
This capital injection is set to significantly accelerate Bayader's growth trajectory. By securing this funding from a prominent regional investor like Tenmou, Bayader is better positioned to scale its operations, potentially reaching more farmers and consumers across the Gulf. The investment underscores the potential seen in Bayader's model to disrupt traditional agricultural supply chains and improve efficiency for both producers and buyers.
About Bayader
Bayader is an innovative agri-tech platform based in Bahrain. It is designed to bridge the gap between local farmers and various types of customers, including consumers and businesses. The platform enables farmers to sell their fresh produce directly, cutting out intermediaries and potentially offering better prices and fresher products to the end-users.
Looking Ahead
With the SAR 1.1 million funding secured, Bayader is expected to focus on expanding its platform's reach and capabilities. The investment will likely be used to onboard more farmers, grow its customer base, enhance its technology, and potentially explore new markets beyond Bahrain as it works towards establishing itself as a key player in the regional agri-tech landscape.
Source: Arab Founders