TWLM, a Saudi Arabian-based food pickup app, has announced the closure of a SAR 1 million (approximately $270,000) investment round led by B Group, a local investment firm. This funding will enable TWLM to expedite its expansion across the Kingdom of Saudi Arabia, aiming to reach 1,000 restaurant and store partners by the end of the current fiscal year.

Securing the Investment

The investment round was led by B Group, a prominent Saudi investment firm, with additional contributions from angel investors. This infusion of capital will be instrumental in TWLM's plans to expand its service network and solidify its presence in the Saudi market.

Tulm Information Technology Company, the parent company of TWLM, expressed its gratitude for the "transparency and professionalism" of the B Group team, expressing hope for a successful and fruitful partnership.

Expanding to 1,000 Locations

TWLM, founded in 2023 by Ahmed Al-Dakhil, Abdulaziz Al-Rashoud, Abdullah Al-Dakhil, and Walid Al-Qarni, currently features over 250 restaurants and stores on its platform. With the new funding, the company aims to significantly scale its network, targeting 1,000 locations by the end of the current fiscal year.

The company's application provides a convenient platform for customers to order and pick up their food from participating restaurants and stores, catering to the growing demand for efficient food delivery and pickup services in the Kingdom.

Positioning for Growth

TWLM's successful funding round and its ambitious expansion plans demonstrate the company's commitment to becoming a leading player in Saudi Arabia's burgeoning food tech ecosystem. The startup's ability to attract investment from reputable sources like B Group and angel investors underscores the confidence in its business model and growth potential.

TWLM's SAR 1 million ($270,000) funding round, led by B Group, marks a significant milestone for the Saudi food pickup app. With this investment, the company is poised to accelerate its nationwide expansion, aiming to onboard 1,000 restaurant and store partners by the end of the current fiscal year. As TWLM continues to solidify its position in the market, the company's success will contribute to the development of Saudi Arabia's vibrant food tech landscape, meeting the evolving needs of consumers and businesses alike.