Calo secures $25 million to expand ready-to-eat meal service beyond Middle East

Calo, a Middle Eastern startup specializing in customized ready-to-eat meals, has raised $25 million in Series B funding to expand its services beyond the region. The funding was led by Nuwa Capital, with returning investors Khwarizm Ventures and STV participating. The company plans to enhance meal customization for specific dietary needs and is acquiring a food startup in the U.K. to support its global ambitions. Calo currently operates in Saudi Arabia, UAE, Kuwait, Qatar, and Bahrain, serving 10 million meals this year. Calo aims to introduce deeper personalization options and explore new business models, such as retail kiosks. The startup, founded in 2019, is focused on reaching profitability by next year and plans to go public in Saudi Arabia in the coming years.